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Contents

Part III

64. Duties and functions of the Zones SL

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The duties and functions of the Zones SL shall be-

(a)

to conduct studies on the need for investment zones to facilitate the national policies on investment, international trade, exports and investment zones formulated by the Economic Commission;

(b)

to identify and select sites for the establishment of investment zones;

(c)

to recommend such investment zones to the

Economic Commission for obtaining approval of the Cabinet of Ministers to proceed with their establishment;

(d)

to manage and operate such investment zones whether directly or through any partnership, joint venture or management agreement or any other arrangement approved by the Economic

Commission;

(e)

to exercise any of the powers of granting approvals and authorizations under the laws and regulations as provided for herein;

(f)

to cooperate with and liaise with any Governmental authority as may be necessary for facilitating the operations of and within the investment zones; and

(g)

to do all such other acts as may be necessary or conducive to the attainment of any or all of the above objects.