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As a Special Economic Zone (SEZ) governed by the Colombo Port City Economic Commission (CPCEC), Port City Colombo aims to be a business-friendly environment for investors. . The SEZ includes tax incentives and exemptions of up to 25 years for Businesses of Strategic Importance (BSIs), transactions in 16 designated foreign currencies with no capital or exchange controls, 100% foreign ownership ...
The Colombo Port City Economic Commission is a government entity in Sri Lanka, established in 2021, which is entrusted and authorised, by way of the Colombo Port City Economic Commission Act, No. 11 of 2021, [1] with the administration, regulation and control of, all matters connected with businesses and other operations, in and from the area of authority of Colombo Port City.
The bill titled as Colombo Port City Economic Commission Bill is regarded as one of the important legislations to be passed in the Parliament of Sri Lanka as it is related to the Colombo Port City project, which is the biggest foreign investment received by Sri Lanka from China in the country's history. The bill was slated and deemed as ...
Current events; Random article; ... Containers and gantries at the Port of Colombo. Name City Location Description Port of Colombo: Colombo
Colombo was established primarily as a port city during the colonial era, with an artificial harbour that has been expanded over the years. The Sri Lanka Navy maintains a naval base, SLNS Rangalla, within the harbour. The Port of Colombo handled 3.75 million twenty-foot equivalent units in 2008, 10.6% up on 2007 (which itself was 9.7% up on ...
In 1912, the Port was converted into a sheltered harbour, and the Colombo Port Commission was established in 1913. Much of the city was planned during the British occupation of the Port of Colombo. [4] The Port saw dramatic changes when the country gained its independence in 1948.
Located near Colombo and the Bandaranaike International Airport, this zone was established in 1985. It is the second-largest EPZ in Sri Lanka and houses various industries including textiles and electronics. [5] Horana EPZ: Kalutara District: Established in 1999, the Horana EPZ focuses on low-polluting industries.
Colombo city is the main part of the zone and is the centre for business activities, conferences and sports events in the country. Colombo serves as both a gateway and a stopover point for international tourists. South Coast Resort Region: The south coast zone extends from Wadduwa to Tissamaharama. The zone has been divided into two main regions.
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