Latest News
Cabinet nod to lease 218 Acres of government-owned land in Hambantota district for Brackish Water Shrimp Farming
The Cabinet of Ministers approved the combined proposal presented by the Minister of Fisheries and Minister of Tourism and Lands to provide 218 acres and 30 perches of land belonging to the government located in Ambalantota Divisional Secretariat Area of Hambantota district which has been identified as suitable for Vannamei shrimp cultivation to W.S.R. Lowe & K.M.N. Aqua Services (Pvt.) Ltd. and Rainbow Foods (Pvt.) Ltd, which have been selected following the government procurement process.
Accordingly each company will be given 109 acres and 015 perches on a long lease basis for a period of 30 years based on the assessment of the government assessor.
Latest News
S. Achchudan appointed as Director General of the Sports Development Department.
The Cabinet of Ministers granted their concurrence to the resolution furnished by the Minister of Youth Affairs to appoint S. Achchudan of Special Grade of Sri Lanka Administrative Service, who is currently serving as an Additional Commissioner of Elections at the Elections Commission who is
recommended by the panel of interviewers to the post of Director General of the Sports Development Department with effect form 01.01.2026.
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Amendment of the National Environment Act No. 47 of 1980
The Cabinet of Ministers granted approval to the proposal furnished by the Minister of Environment to publish the draft bill of the National Environment (Amended) Act in the government gazette notification and subsequently to submit the same to the Parliament for its concurrence.
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Cabinet nod to establish the Sri Lanka Industrial Transformation and innovation Authority
Approval was granted by the Cabinet of Ministers at the cabinet meeting held on 17-03-2025 to establish a single, more effective institution by merging the Industrial Development Board, the National Entrepreneurship Development Authority and Small Business development Division under the Ministry of Industry and Entrepreneurship Development to provide industrial and enterpriser development services in a more organized and efficient manner.
Accordingly, the Ministry of Industry and Entrepreneurship
Development has initiated the establishment of the Sri Lankan Industrial Transformation and Innovation Authority with the objective of minimizing duplication of work, strengthening the provision of institutional services, and building a national integrated platform for industrial and transformation, entrepreneurship promotion and export-oriented enterprise development under a three phase framework of conceptualization, strategic planning and implementation.
Action is being taken at present to obtain the necessary technological assistance under the Policy based loan program of the Asian Development Bank.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Industries and Entrepreneurship Development to take further action according to the proposed draft concept framework regarding the ‘the Sri Lanka Industrial Transformation and innovation Authority.
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