News
BOI to set up seven decentralised investment zones to stimulate regional economies
The Board of Investment (BOI) has announced plans to establish seven new investment zones across the country this year, aiming to accelerate regional economic growth, attract foreign direct investment (FDI), and generate thousands of new employment opportunities.
BOI Chairman Arjuna Herath said
that the zones will be strategically located in the Northern, North Western, Eastern, and Southern Provinces, with a focus on sector-specific development.
Key Investment Zones and Focus Areas:
Kankesanthurai (Northern Province) – A sprawling 300-acre zone dedicated to apparel manufacturing and information technology (IT) projects.
Paranthan (Northern Province) – A 200-acre zone earmarked for chemical production and industrial manufacturing.
Mankulam (Northern Province) – Another 200-acre zone focused on agriculture and fisheries-based export industries.Iranavila (North Western Province) – Targeted for tourism-related investments.
Eravur (Eastern Province) – Designed to support local raw material production for the apparel sector, with new factories planned.
Hambantota (Southern Province) – Set to become a hub for pharmaceutical manufacturing.Chairman Herath said that these zones will not only decentralise investment flows but also stimulate regional economies, and reduce unemployment.
News
Establishment of an Institutional Framework to Inagurate Upper Hydro Catchment Areas Management Authority
Policy approval of the Cabinet of Ministers was granted at their meeting held on 08.06.2026 to establish the Upper Hydro Catchment Areas Management Authority for identification and
execution of a formal and long – lasting remedy to secure the central hills including the upper hydro catchment areas enabling them to sustain amidst extreme weather conditions
due to natural calamities and human activities as well as to be used for the sustainable development of the country.
Accordingly, a concept paper has been prepared including
institutional structure, activities, powers, active subject area as well as administrative and coordination mechanism for the proposed authority by an expert technical committee appointed by the Secretary to the President.
Based on the said concept paper, the Cabinet of Ministers granted approval to the resolution furnished by the President to instruct the Legal Draftsman to prepare a draft bill including legal provisions required for the establishment of Upper Hydro Catchment Areas Management Authority.
News
Introduction of Flora and Fauna (Regulation of actions of the Indigenous Community within the nominated areas) Regulations
With the objective of securing the traditional livelihood and the eco system of the indigenous community, it has been recognized the necessity of introducing a formal regulation methodology to secure their engagement in livelihood activities by being more sensitive to the existing laws.
Thereby, the Fauna and Flora (regularizing) regulations under the Fauna and Flora Protection Ordinance (Authority 469) have been prepared so that nominated activities within the prescribed area to a member of the indigenous community
who has been registered for securing the rights acquired from law or custom or usage or traditional stance to execute an act within a certain state land that is fundamental to the survival of the indigenous community permission can be granted
Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Environment to publish the said regulations in the government gazette notification and thereby submit to the Parliament for its concurrence.
Latest News
M. M. D. J. Senarathne, appointed Director General of the Department of National Botanical Gardens
The Cabinet of Ministers approved the resolution furnished by the Minister of Environment to appoint M. M. D. J. Senarathne, who is the senior most officer in Grade I of Sri Lanka Scientific Service se
Establishment of an Institutional Framework to Inagurate Upper Hydro Catchment Areas Management Authority
Introduction of Flora and Fauna (Regulation of actions of the Indigenous Community within the nominated areas) Regulations
M. M. D. J. Senarathne, appointed Director General of the Department of National Botanical Gardens
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