Privately run industrial zones proposed

Sri Lanka will promote sector-specific privately run industrial zones as part of efforts to support export-oriented investments, President Anura Dissanayake said, presenting a budget for 2025.

Eco-industrial parks which focus on sustainable practices, resource management, and green technology through Public Private Partnership (PPPs) and privately run zones, the budget said.

The Government will revisit the Economic Transformation Act with appropriate revisions to suit the emerging developments.

The Economic Transformation Act envisages a merger of the Board of Investment and Export Development Board.