The Sri Lanka Tourism Development Authority (SLTDA) hosted a dialogue on reducing costs and delays in approval processes to attract foreign direct investments (FDIs) and create jobs recently.
It also highlighted its Land Bank Management Information System (LBMIS), a centralised platform cataloging 163 state-owned lands, 19 private lands, and SLTDA-owned properties for tourism-related projects, during the discussion.
The intra-governmental dialogue held to streamline tourism investment processes was hosted with the aim to enhance the country’s appeal to global investors and boost economic growth.
The event, attended by Tourism Minister Vijitha Herath and Deputy Minister Prof. Ruwan Ranasinghe, brought together heads of key government ministries and agencies to discuss collaborative strategies for simplifying investment approvals.
Since 2010, the SLTDA’s Investor Relations Unit (IRU) has facilitated 1,206 tourism investment projects, totalling $ 8.7 billion in cumulative investments and creating 49,699 rooms.
Minister Herath stressed the importance of collaboration, stating that “streamlining investment processes will drive growth, create jobs, and strengthen Sri Lanka’s position as a world-class destination.”
The event concluded with a commitment from participants to foster an investor-friendly environment, further positioning Sri Lanka as a premier tourism investment destination.
