Trade & Investment

An Overview of Sri Lanka's Trade Policy

Sri Lanka has been practicing an open economic policy since 1977.  The economy has been growing steadily during the past few years with a rate of over 8% in 2014.  GDP growth remains one of the healthiest in the region at 7.3% with per capita income at USD 3,191 in 2013.  The country also has a high literacy rate of 95.6% and an unemployment rate of 4.4%.

The main exports are textiles and apparel, tea and spices, rubber products, precious stones, coconut products and fish. Sri Lanka is world famous for tea and overseas employment of Sri Lankans is also a significant contributor to the economy. Key imports include petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs.  Sri Lanka's main markets include USA, UK, Japan, China, India and the Middle East.  Among the main import markets are Japan, India, UK, USA, among others.

Sri Lanka has signed Free Trade Agreements with India, Pakistan and China.  It is also a member of the South Asian Free Trade Area (SAFTA), APTA, BIMSTEC and a member of the G-15.

Sri Lanka has been successfully moving towards achieving the Millennium Development Goals and has achieved halving poverty, gender equality and education goals. 

The Ministry of Industry and Commerce and particularly its Department of Commerce, is tasked with Sri Lanka's trade policy, implantation and promotion, especially overseas.  

For more information please visit the following websites:

Ministry of Industry and Commerce: www.industry.gov.lk

Department of Commerce: www.doc.gov.lk

 

Why Invest in Sri lanka

Sri Lanka has one of strongest economies in the South Asian region, with a growth rate of over 8% in 2014.  Strategically located in the Indian Ocean, with a large and dynamic services sector, an educated and skilled workforce, excellent infrastructure and global connectivity, Sri Lanka is an ideal destination for the foreign investor.  The country is also fast emerging as an air, maritime, energy, knowledge and commercial hub in the region.

The Government of Sri Lanka has put in place several regulations to promote and protect foreign investment, including total foreign ownership in almost all areas of the economy.  There are no restrictions on repatriation of earnings and the safety of foreign investment is guaranteed under the constitution.  There is also a sophisticated and transparent legal framework in place.  Sri Lanka has signed 28 bilateral investment protection agreements and 38 agreements on the avoidance of double taxation.   Free trade agreements with India, Pakistan and recently with China, also provides access to these large markets. 

Sri Lanka's export processing zones and industrial parks have been a linchpin in the industrial development and inflow of foreign direct investment into Sri Lanka. The country's economic development zones are seen as benchmarks of successful implementation of zone development strategies. 

Sri Lanka’s strategic location in the Indian Ocean is an added incentive for the investor, as it is situated in one of the world’s most important and busiest maritime routes.  The country is also well connected by air.   The Government has heavily invested in infrastructure and energy.  Yet, Sri Lanka is also mindful of environmental protection and sustainable development. 

The Board of Investment of Sri Lanka (BOI) is the key institution regarding the promotion of investment and the one stop shop for all potential investors to Sri Lanka.  

For further information regarding investing in Sri Lanka, please visit the BOI website on. www.investsrilanka.com


 

SALE OF HEAVY MINERAL SANDS TENDER REF. NO: L/MKT/TDR/19/18 - INTERNATIONAL COMPETITIVE BIDDING

TENDER NOTICE

SALE OF HEAVY MINERAL SANDS
INTERNATIONAL COMPETITIVE BIDDING

TENDER REF. NO: LMS/MKT/TDR/19/18

The Chairman of Ministry Tender Committee, on behalf of Lanka Mineral Sands Limited, invites sealed bids from the Foreign Parties who are interested in buying following heavy mineral products available in the Factory at Pulmoddai of Sri Lanka. The Local Parties, who wish to purchase the products and export or add further value to the product could also submit their bids.

The details of PRODUCTS and other RELEVANT details are briefed in the below.

PRODUCTS QUANTITY
(Metric Tonne)
BID SECURITY PACKAGE AND TERMS OF DELIVERY DATE & TIME OF TENDER CLOSING AND OPENING
Ilmenite
(HS 2614 00 10)
9000 LKR 5,198,112
or
USD 28,800
In Bulk

29 / 10 / 2019 at 14.00 hrs.

Prescribed Bidding Forms authenticated and issued by the Seller should only be used for submission of bid. The Bidding forms accompanied the Bidding Document may be purchased upon payment of non- refundable Bidding Document Fee of LKR 10,000.00 or USD 60.00 from Marketing Manager, Lanka Mineral Sands Ltd, No. 341/21, Sarana Mawatha, Rajagiriya, Sri Lanka time between 0900hrs to 1500hrs on week days from 04 /10/2019 to 28/10/2019.

The Bid, by Prescribed Bid Form & Bid Submission Form duly filled and enclosed in a suitable envelope together with the required documents detailed in the Section -4, Instructions to Bidder & Bidding Data of Bidding Document and marked “Sale of Heavy Mineral Sands, Tender No. LMS/MKT/TDR/19/18” on the top left hand of the envelope should either be sent under registered post to Chairman, Ministry Tender Committee, Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons, Co-operative Development and Vocational Training & Skills Development, PO Box 570, No.73/1, Galle Road, Colombo -03, Sri Lanka to receive not later than 1400hrs on 29/ 10 /2019 or be deposited in the Tender Box available at the same address.

The Tender box will be closed at 1400hrs on 29 / 10/ 2019. The Bids, so received will be opened immediately after closing of the Tender at the Auditorium of Ministry of Industry and Commerce. Resettlement of Protracted Displaced Persons, Co-operative Development and Vocational Training & Skills Development, The Bidder or only one Representative will be allowed to be present at the time of opening of Tender. Late bids will be rejected.

For further information, please contact Marketing Manager of Lanka Mineral Sands Ltd and Marketing Division on Telephone +94112883951-2, +94112883965, +94112883954, Fax +94 11 2882668 and Email ilmenite(at)slt.lk / minmarketing(at)sltnet.lk

The bidding document can be downloaded here.

Chairman,
Ministry Tender Committee (Sales),
Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons,
Co-operative Development and
Vocational Training & Skills Development,
PO Box 570, No.73/1, Galle Road,
Colombo -03,
Sri Lanka.


 

SALE OF HEAVY MINERAL SANDS TENDER REF. NO: LMS/MKT/TDR/19/19 - INTERNATIONAL COMPETITIVE BIDDING

TENDER NOTICE

SALE OF HEAVY MINERAL SANDS
INTERNATIONAL COMPETITIVE BIDDING

TENDER REF. NO: LMS/MKT/TDR/19/19

Chairman of Ministry Tender Committee, on behalf of Lanka Mineral Sands Limited, invites sealed bids from the Foreign Parties who are interested in buying following heavy mineral products available in the IRZ Plant (Factory) at Pulmoddai of Sri Lanka. The Local Parties, who wish to purchase the products and export or add further value to the product could also submit their bids.

The details of PRODUCTS and other RELEVANT details are briefed in the below.

PRODUCTS QUANTITY
(Metric Tonne)
BID SECURITY PACKAGE AND TERMS OF DELIVERY Delivery Terms DATE & TIME OF TENDER CLOSING AND OPENING
Rutile
(HS 2614 00 20)
250325 LKR 1,466,481.00
or
USD 8,125.00
40 Kg/Bag Ex-Works IRZ Plant Pulmoddai 31 / 10 / 2019 at 14.00 hrs.
Zircon
(HS 2615 00 10)
100 LKR 559,519.00
or
USD 3,100.00
40 Kg/Bag
High Titanium Ilmenite
(HS 2614 00 10)
1750 LKR 1,010,744.00
or
USD 5,600.00
In Bulk
Low-Grade Zircon Crude
(HS 2615 00 10)
500 LKR 992,695.00
or
USD 5,500.00
"AS IS" in the existing condition

Prescribed Bidding Forms authenticated and issued by the Seller should only be used for submission of bid. The Bidding Forms accompanied the Bidding Document may be purchased upon payment of non- refundable Bidding Document Fee of LKR10,000.00 or USD 60.00 from Marketing Manager, Lanka Mineral Sands Ltd, No. 341/21, Sarana Mawatha, Rajagiriya, Sri Lanka within the time 0900hrs to 1500hrs on week days till 30/ 10/ 2019 from 04/ 10/ 2019.

The Bid, by Prescribed Bid Form & Bid Submission Form duly filled and enclosed in a suitable envelope together with the required documents detailed in the Section -4, Instructions to Bidder & Bidding Data of Bidding Document and marked “Sale of Heavy Mineral Sands, Tender No. LMS/MKT/TDR/19/19” on the top left hand of the envelope should either be sent under registered post to the Chairman, Ministry Tender Committee, Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons, Co-operative Development and Vocational Training & Skills Development, PO Box 570, No.73/1, Galle Road, Colombo -03, Sri Lanka to receive not later than 1400hrs on 31/ 10/ 2019 or be deposited into the Tender Box kept at the Additional Secretary’s (Admn.) Office in the same address.

The Tender Box will be closed at 1400hrs on 31/ 10/ 2019. The Bids, so received will be opened immediately after closing of the Tender at the Auditorium of Ministry of Industry and Commerce. The Bidder or a Representative of the bidder will be allowed to be present at the time of opening of Tender. Late bids will be rejected.

For further information, please contact Marketing Manager of Lanka Mineral Sands Ltd and Marketing Division on Telephone +94112883951-2, +94112883965, +94112883954, Fax +94 11 2882668 and Email ilmenite(at)slt.lk / minmarketing(at)sltnet.lk

The bidding document can be downloaded here

Chairman,
Ministry Tender Committee (Sales),
Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons,
Co-operative Development and
Vocational Training & Skills Development,
PO Box 570, No.73/1, Galle Road,
Colombo -03,
Sri Lanka.


 

BID NOTICE FOR SALE OF HEAVY MINERAL SANDS TENDER REFERENCE: LMS/MKT/TDR/19/16

TENDER NOTICE

SALE OF HEAVY MINERAL SANDS
INTERNATIONAL COMPETITIVE BIDDING

TENDER REF. NO: LMS/MKT/TDR/19/16

The Chairman of Ministry Tender Committee, on behalf of Lanka Mineral Sands Limited, invites sealed bids from the Foreign Parties who are interested in buying following heavy mineral products available in the Factory at Pulmoddai of Sri Lanka. The Local Parties, who wish to purchase the products and export or add further value to the product could also submit their bids.

The deatil of PRODUCTS and other RELEVANT details are in the below.

PRODUCTS QUANTITY
(Metric Tonne)
BID SECURITY PACKAGE AND TERMS OF DELIVERY DATE & TIME OF TENDER CLOSING AND OPENING
Ilmenite
(HS 2614 00 10)
9000 LKR 5,198,112
or
USD 28,800
In Bulk

21 / 10 / 2019 at 14.00 hrs.

Prescribed Bidding Forms authenticated and issued by the Seller should only be used for submission of bid. The Bidding forms accompanied the Bidding Document may be purchased upon payment of non- refundable Bidding Document Fee of LKR 10,000.00 or USD 60.00 from Marketing Manager, Lanka Mineral Sands Ltd, No. 341/21, Sarana Mawatha, Rajagiriya, Sri Lanka time between 0900hrs to 1500hrs on week days from 30 /09/2019 to 18/10/2019.

The Bid, by Prescribed Bid Form & Bid Submission Form duly filled and enclosed in a suitable envelope together with the required documents detailed in the Section -4, Instructions to Bidder & Bidding Data of Bidding Document and marked “Sale of Heavy Mineral Sands, Tender No. LMS/MKT/TDR/19/16” on the top left hand of the envelope should either be sent under registered post to Chairman, Ministry Tender Committee, Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons, Co-operative Development and Vocational Training & Skills Development, PO Box 570, No.73/1, Galle Road, Colombo -03, Sri Lanka to receive not later than 1400hrs on 21/ 10 /2019 or be deposited in the Tender Box available at the same address.

The Tender box will be closed at 1400hrs on 21 / 10/ 2019. The Bids, so received will be opened immediately after closing of the Tender at the Auditorium of Ministry of Industry and Commerce. Resettlement of Protracted Displaced Persons, Co-operative Development and Vocational Training & Skills Development, The Bidder or only one Representative will be allowed to be present at the time of opening of Tender. Late bids will be rejected.

For further information, please contact Marketing Manager of Lanka Mineral Sands Ltd and Marketing Division on Telephone +94112883951-2, +94112883965, +94112883954, Fax +94 11 2882668 and Email ilmenite(at)slt.lk / minmarketing(at)sltnet.lk

The bidding document can be downloaded here.

Chairman,
Ministry Tender Committee (Sales),
Ministry of Industry & Commerce, Resettlement of Protracted Displaced Persons,
Co-operative Development and
Vocational Training & Skills Development,
PO Box 570, No.73/1, Galle Road,
Colombo -03,
Sri Lanka.


 

DESIGN AND RE-CONSTRUCTION OF QUAY AT NAVALDOCKYARD, TRINCOMALEE, SRI LANKA

The Chairman, Standing Cabinet Appointed Procurement Committee (SCSPC) on behalf of Ministry of Defence has invited sealed bids from eligible and qalified bidders for the Design and Construction of Quay at Naval Dockyard, Trincomalee.

The official bid notice can be downloaded here.


 

Notice for call for Tenders

Current Calls for Tenders:

Bid forms are available at the Sri Lanka Embassy in 1040 Vienna, Weyringergasse 33 - 35, 4th floor.

Procurement for the Fusion Welding of Rails by Alumino Thermic Process for 3,400 nos. EN 45 E1 (90 lbs.) Rail Joints in Central, Lower Upper & Eastern Districts and for the Supply of Equipment & Materials for Fusion Welding of Rails by Alumino Thermic Process for EN 45 E1 (90 lbs.) Rail Joints in Sri Lanka to Sri Lanka Railways - Procurement no. SRS/F.7632

Closing date: 23 October 2019

The Procurement Notice may be downloaded here.


 

 

INVITATION FOR SUBMISSION OF BIDS FOR PROCUREMENT FOR SRILANKAN AIRLINES


 

 

 


REFERENCE NO: 201931465
INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF BOTTLED WATER (350ml AND 1500ml) FOR ONBOARD SERVICE

REFERENCE NO: 201931231
INVITATION FOR SUBMISSION OF BIDS FOR INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF DRY ICE FOR ON-BOARD USE

Bid closing date: 30th October 2019


REFERENCE NO: CPIT/ICB 03/2019
INVITATION FOR SUBMISSION OF BIDS FOR THE SUPPLY AND MAINTENANCE OF GLOBAL IT NETWORK INFRASTRUCTURE SERVICES FOR SRILANKAN AIRLINES

REFERENCE NO: CPIT/ICB 06/2019
INVITATION FOR SUBMISSION OF BIDS FOR THE PROVISIONING OF A DESKTOP MANAGEMENT SOLUTION FOR SRI LANKAN AIRLINES

Bid closing date: 29th October 2019


REFERENCE NO: GSE/ICB-03/2019
INVITATION FOR SUBMISSION OF BIDS FOR PROCUREMENT OF 02 ELECTRIC REACH TRUCK FOR USE WITHIN BANDANARAIKE INMTERNATIONAL AIRPORT

Bid closing date: 05th November 2019

REFERENCE NO: FF/EPC/01/2019
INVITATION FOR SUBMISSION OF BIDS FOR A FREIGHT FORWARDING SERVICE PROVIDER TO HANDLE SRILANKAN AIRLINES’ IMPORT & EXPORT CONSIGNMENTS FROM/TO UK AND IRELAND ON FREIGHT COLLECT/PREPAID & SERVICE FREIGHT BASIS BY AIR


SENIOR MANAGER COMMERCIAL
PROCUREMENT SRILANKAN AIRLINE


 

COAL LIGHTERING SERVICE FOR LAKVIJAYA POWER PLANT PUTTALAM - TENDER NO. LCC/19/LT/1

MINISTRY OF POWER, ENERGY AND BUSINESS DEVELOPMENT
INVITATION BID FOR
Coal Lightering Service for Lakvijaya Power Plant Puttalam,
Sri Lanka from 2019 to 2024 - Tender No. LCC/19/LT/1

The Chairman, Standing Cabinet Appointed Procurement Committee (SCAPC) of Ministry of Power Energy and Business Development – Sri Lanka (MOPE&BD) on behalf of Lanka Coal Company (Private) Limited (LCC) invites sealed BID for Coal Lightering Service for Lakvijaya Power Plant Puttalm, Sri Lanka - 2019/2024, from bidders who wish to submit bids.

LCC was incorporated in January 2008 for the procurement of coal for coal fired power plants in the country. Shares of LCC are held by the Treasury, Ceylon Electricity Board, Sri Lanka Port Authority and Ceylon Shipping Corporation Ltd.

  1. Contract period is from September 2019 to May 2024.

  2. Estimated quantity of coal to be delivered is 10,500,000±10% Metric Tons at the option of Ceylon Electricity Board.

  3. Price shall be quoted per Metric Tons basis in United States Dollars.

  4. Amount of Bid Security is USD 200,000 and shall be valid up to three months after the closing of the tender.

  5. Deadline of bid submission is 10.00am (Sri Lanka Standard Time) on 2nd August 2019.

  6. A complete set of Bidding Document can be obtained for Rs. 250,000 nonrefundable charge by interested applicants on submission of a written request with cash deposited receipt or Telegraphic Transfer (TT) receipt to LCC between 09.00 AM to 04.00 PM (Sri Lanka Standard Time) from 21th June 2019 to 1st August 2019 (one day before the bid closing date) during working days from, Lanka Coal Company (Private) Limited, 51/3, Suranimala Place, Off-Dutugemunu Street, Kohuwala/Dehiwala, Sri Lanka 10350.

    Bank Account Particulars,
    Name of the Company : Lanka Coal Company (Private) Limited
    Account Number : 004100130000745
    Bank


    : People's Bank-Corporate Banking Division
    No: 35, D.R. Wijewardena Mawatha,
    Colombo 10, Sri Lanka
    SWIFT Code : PSBKLKLX


  7. Sealed bid documents shall be delivered to the address given in the above address (point 6), up to 10.00 am (Sri Lanka Standard Time) on 2nd August 2019 and will be opened at 10.15 am on 2nd August 2019.

  8. Bidders or their authorized representatives (only two persons) may witness the opening of bids.

  9. Provisions in public contract Act, No. 03 of 1987 of Sri Lanka shall be applicable for this procurement.

  10. For further details, please contact Procurement Officer at LCC on 011 – 2824681/2 or 071 772 8849 Fax: 011 2824689, e-mail: .

Chairman
Standing Cabinet Appointed Procurement Committee
Ministry of Power, Energy and Business Development.
 
  LANKA COAL COMPANY (PVT.) LTD
51/3, Suranimala Place, Off-Dutugemunu Street
Kohuwala/Dehiwala, Sri Lanka 10350.

 


 

REGISTRATION OF SUPPLIERS TO SUPPLY COAL FOR LAKVIJAYA POWER PLANT-NOROCHCHOLI UNDER SPOT AND TERM TENDERS

Chairman, Special Standing Cabinet Appointed Procurement Committee (SSCAPC) of Ministry of Power and Energy, invites you amongst others to register with Lanka Coal Company (Private) Limited to supply of coal for the 900MW Lakvijaya Coal Power Plant at Puttalam. This invitation is extended on behalf of Lanka Coal Company (Private) Limited (LCC).

Lakvijaya Coal Power Plant (The Plant) of CEB requires 2.25 + 10 % Million MT of coal per year. LCC has been contracted by the CEB to supply entire requirement of coal for The Plant. In order to make sure the guaranteed quality supply of coal to The Plant, LCC decided to select internationally reputed coal suppliers and register them as its coal supplying parties. After the eligible coal suppliers are registered the LCC will call bids only from those who have registered to supply coal for The Plant. Therefore in future open bids will not be called, to supply coal to Lakvijaya Power Plant. However to include new suppliers to the registered list, LCC will call applications to register new suppliers. Therefore new suppliers always can be included in the coal suppliers list and update the list. The registration will be done for three years and can be renewed after evaluation on the criteria for registration. This process will help LCC to build the partnership with coal suppliers, so that unnecessary delays in evaluation of Technical and Financial capabilities of bidders can be avoided. Once the suppliers are registered, only the Price Proposals can be invited from the Registered Suppliers. Registration does not guarantee that the registered suppliers will be awarded a coal supply contract. Bidders must win the tender for that.

The application form can be downloaded here.


 

TEMPORARY REGISTRATION OF FOREIGN CONTRACTORS

Ministry of Housing, Construction & Cultural Affairs has mandated the Construction Industry Development Authority (CIDA) to register the Foreign Contractors involved in identified construction work in Sri Lanka, as per the Section No. 39 of Construction Industry Development Act, No. 33 of 2014.

The regulation on Registration of Foreign Contractors has been published in the Gazette no. 2085/19 dated 23 August 2018.

Instruction for registration, fees including the application form relating to the registration process can be downloaded from CIDA website.


 

HOW TO INVEST IN SRI LANKA

Sri Lanka has many assets to attract investors. Among many others, some of them are

  • Its geographic key position in the Indian Ocean and on the New Silk Road;
  • Its well trained, qualified and high committing staff;
  • Best developing country in South Asia and best developing emerging country worldwide (reference: Bertelsmann Report 2018);
  • Its stable Democracy, complying to international standards;
  • Highest standards of respect and protection of environment and working conditions in South Asia;

The Board of Investment of Sri Lanka (BOI) is dedicated to assist all investors who wish to invest in Sri Lanka or are considering Sri Lanka as an investment opportunity. It was established in 1978 targeting on the development of the surrounding vicinity of Colombo. In 1992, its mandate was enlarged to the entire country.
The BOI has determined six sectors of investment and encourages international stake holders to invest in those domains.
The sectors are:

If you wish to invest in one of the above or any other domain, BOI will be happy to assist you in

For further information, please visit www.investsrilanka.com.


 

Office Time

Office Days:            Monday - Friday

Consular Hours:         09:00 - 12:00
Office Hours:              09:00 - 17:00

Contact us

Address: 
Embassy and Permanent Mission of Sri Lanka
Weyringergasse 33, 4th floor
1040-Vienna
Austria
 
Telephone: +431/5037988
Fax: +431/5037993
Email: slmission(at)srilankaembassy.at



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