Rakna Arakshaka Lanka among 3 institutions brought under Investment Promotion Ministry

July 7, 2022 10:32 pm

President Gotabaya Rajapaksa has issued a Gazette Extraordinary bringing three institutions including Rakna Arakshaka Lanka Limited (RALL) under the purview of the Ministry of Investment Promotion.

The other two institutions brought under the said ministry are Selendiva Investments Limited and Hotel Developers (Lanka) Pvt Limited.

Rakna Arakshaka Lanka was previously under the purview of the Ministry of Defence while Selendiva Investments Ltd. and Hotel Developers (Lanka) Pvt Ltd. came under the Ministry of Urban Development and Housing.

Newly-appointed Member of Parliament Dhammika Perera currently serves as the Minister of Investment Promotion.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.