Sri Lanka, March 28 -- The Economic Transformation Bill, along with the revisions proposed by the Attorney General, received the Cabinet nod this week, where the instructions furnished by President Ranil Wickramasinghe to instruct the Legal Draftsman to formulate a draft of the bill were approved.

The bill establishes institutions such as the Economic Commission, Sri Lanka Zones of Investment, International Trade Office, Sri Lanka Economics and International Trade Institute and National

Productivity Commission.

It also outlines the main objectives of the national policy on economic transformation.

"The bill contains structural, quantitative and qualitative changes to drive economic growth and transformation," Cabinet Co-Spokesman and ...