5. Objectives of the Commission

The objectives of the Commission shall be to -

promote the Colombo Port City to be a leading

attract enhanced foreign direct investments into the country;

create a safe and conducive business environment and facilitate ease of doing business in and from the Area of Authority of the Colombo Port City and also endeavour to ensure that the Ease of Doing Business Index in relation to the Area of Authority of the Colombo

ensure ease of transacting its business operations and administration efficiently, reliably and transparently in order to enhance investor confidence;

encourage and promote global and regional investments in international trade, shipping logistic operations, offshore banking and finance, information technology and business process outsourcing, corporate headquarters operations, regional distribution operations, tourism and other ancillary services;

promote and develop innovation and entrepreneurship;

promote tourism and ancillary services by facilitating duty free shopping, entertainment and other similar facilities;

generate employment opportunities;

promote sustainable development; and

promote urban amenity operations with the settlement of a residential community within the Area of Authority of the Colombo Port City.