SLTDA hosts dialogue to boost tourism industry investments
View(s):The Sri Lanka Tourism Development Authority (SLTDA) this week organised an event focused on facilitating investments in the tourism industry which was attended by Foreign Affairs and Tourism Minister Vijitha Herath and his deputy, Prof. Ruwan Ranasinghe. The event brought together heads of key government ministries and agencies to discuss the importance of collaboration in streamlining the approval
process for investors.
In a statement, the SLTDA said the primary objective of the dialogue was to highlight the government’s role in directing and facilitating private sector investments in Sri Lanka’s tourism sector. Government officials from various authorities actively participated, addressing key areas essential for economic and employment growth.
SLTDA Chairman Buddhika Hewawasam (left) in conversation with Minister of Foreign Affairs and Tourism Vijitha Herath at the event.
The Tourism Minister said collaboration was key to unlocking Sri Lanka’s tourism potential. “By streamlining investment processes, we can drive growth, create jobs, and strengthen our position as a world-class destination,” he said. The Deputy Minister of Tourism noted that a thriving tourism sector requires strong partnerships.
The SLTDA Chairman explained the objectives of the event, while during the open forum discussion, speakers from other key agencies underscored the importance of reducing costs and delays in the approval processes, which would ultimately encourage investors to focus on project development and job creation.
By fostering greater cooperation among government agencies, the event was aimed to position Sri Lanka as an investor-friendly, more attractive and an efficient destination for tourism investors. To support this cause, the SLTDA has already developed a Land Bank Management Information System (LBMIS) as a pioneering initiative for identifying, cataloguing, and managing land resources to promote tourism investments for economic development. The LBMIS serves as a continuously updated centralised repository of lands suitable for tourism-related projects, which currently holds comprehensive details of SLTDA-owned lands, 163 other state-owned lands and 19 private lands available for investors.
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