The Cabinet has approved a proposal to submit to Parliament regulations designating 68 businesses operating in the Colombo Port City as secondary businesses of strategic importance.
The businesses operate in sectors including information technology, consultancy services, business process outsourcing, logistics, infrastructure, hybrid and integrated business models, and other general business activities.
The designation was approved at the Cabinet meeting held on March 30, 2026, under the provisions of the Colombo Port City Economic Commission Act, No. 11 of 2021.
Following the Cabinet decision, regulations designating the 68 entities as secondary businesses of strategic importance were published through an Extraordinary Gazette dated April 10, 2026.
The Cabinet has now approved a proposal presented by the president, in his capacity as minister of finance, planning and economic development, to submit the regulations to Parliament. (Newswire)