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Govt. unveils tourism concessions to spur investor interest
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Sri Lanka, May 10 -- The government is set to introduce several concessions to restore the country's beleaguered travel and tourism industry, which is experiencing heavy cancellations after the Easter terror attacks.
Finance Ministry sources said the Cabinet approved an entire package of concessions yesterday to spur investor appetite as well as tourism stakeholder confidence. The concession package is expected to revive the industry on a sustainable footing.
The government has introduced the concessions based on recommendations from a Ministerial Sub Committee headed by Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga. The committee was tasked with designing strategies to revive the tourism industr...
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