The Cabinet of Ministers has approved the establishment of a state-owned company, as an independent institution, to accelerate Sri Lanka’s digital transformation and set up an institutional framework for digital economic development.
According to the government, approval was granted at the Cabinet meeting held in January 2025 to liquidate the currently implemented Sri Lanka Information and Communication Technology Agency (ICTA) and to prepare a draft for the establishment of the Digital Economic Authority.
In line with this, processes on existing digital strategies in Sri Lanka and other countries for establishing an institutional framework to expedite digital transformation in Sri Lanka and for digital economic development were studied.
Accordingly, the need to establish a stable and well-defined institutional structure to achieve the expected objectives of digital strategies has been identified.
As such, the Cabinet approved the proposal presented by the President, in his capacity as the Minister of Digital Economy, to establish a government-owned company, named ‘Gov Tech (Pvt) Limited’, as an independent institution with the necessary powers, enabling it to implement digital transformation projects that have already commenced and are planned for the future without any obstruction. (Newswire)
