November 15, 2018

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    Budget envisions SL as true maritime hub – Tittawella

    November 18, 2017

    The 2018 Budget proposals towards the liberalisation of the shipping industry were presented with a view to making Sri Lanka a true regional maritime hub, said Ministry of Finance’s Senior Advisor Mano Tittawella.

     

    Speaking at the seminar on the national budget organised by the Ceylon Chamber of Commerce yesterday, he said that the proposal to liberalise the shipping and logistics industry would also bring in additional foreign exchange to the country.

     

    Tittawella said that the proposals are much more than merely relaxing the regulations on foreign players in the shipping and logistics industry. “We want to send a message that Sri Lanka is liberalising. We also want to say that we are not limiting the industry to a few local companies.”

     

    Tittawella said that the government wants to broad base the industry and create more competition and bring in more players, rather than confining the shipping sector to a few individuals and companies.

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