A high powered committee to be appointed to peruse investment proposals

  A high powered committee to accelerate investments has been appointed by the Cabinet on the recommendations made by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Finance. The committee named as “Investment Management Committee Appointed by the Cabinet of Ministers”, will be chaired by the Treasury Secretary.  The other members will be Ministry Secretaries and the Chairperson of the Board of Investments. A committee of this nature has been necessitated to encourage and accelerate much needed investments since the BOI has to refer those matters to the investment authorities each time an investment proposal is to be implemented expeditiously.