Sri Lanka, March 28 -- CODEGEN Innovations has been approved as a secondary business of strategic importance to operate in the Colombo Port City special economic zone.
The Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe, in his capacity as Minister of Investment Promotion, to grant the exemptions or incentives, as per the directives of the Colombo Port
City regulations.
The company, a division of the CODEGEN Group, is a technology solutions provider in the areas of software, data science, design and hardware.
The entity will invest US$ 500,000 with the aim of earning around US$ 15 million within five years while also creating over 400 jobs, gaining eligibility for receiving exemptions and incentive...