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


 

NVITATION FOR BIDS (IFB) DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA MINISTRY OF HIGHWAYS & ROAD DEVELOPMENT AND PETROLEUM RESOURCES DEVELOPMENT CEYLON PETROLEUM STORAGE TERMINALS LIMITED PROCUREMENT OF 21 NOS. MARINE HOSES AND ACCESSORIES FOR THE FLOATING

INVITATION FOR BIDS (IFB)
DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA
MINISTRY OF HIGHWAYS & ROAD DEVELOPMENT AND
PETROLEUM RESOURCES DEVELOPMENT
CEYLON PETROLEUM STORAGE TERMINALS LIMITED
PROCUREMENT OF 21 NOS. MARINE HOSES AND ACCESSORIES
FOR THE FLOATING HOSE SYSTEM AT SPM MUTURAJAWELA, SRI LANKA
TENDER REF NO: KPR/48/2019

The Chairman, Ministry Procurement Committee, Ministry of Highways, Road Development & Petroleum Resources Development, on behalf of the Ceylon Petroleum Storage Terminals Limited (CPSTL), Kolonnawa, Wellampitiya, Sri Lanka hereby invites sealed bids from the internationally reputed Manufacturers or their authorized export agents abroad or authorized agents (Manufacturer’s or Export agent’s) in Sri Lanka, for the Supply of 21 Nos. Marine Hoses and Accessories for the Floating Hose System at SPM Muturajawela, Sri Lanka.

Bidding will be conducted through International Competitive Bidding procedure.

Interested parties may refer the bidding document (only for viewing purpose) and obtain necessary information through the websites www.cpstl.lk or www.dgmarket.com and the original bidding documents in English language (full set) could be obtained from the undersigned on submission of a written request, during working days between 0900 hrs. and 1400 hrs. Sri Lanka local time (GMT+5.5) up to Friday, 29th November 2019, upon payment of a non-refundable bidding document fee of Sri Lankan Rupees Fifty thousand (LKR 50,000.00) per document. Bidders are requested to inspect the bidding document prior to purchase and once it is purchased, bidding document fee is not refundable for any reason whatsoever. Foreign Diplomatic Missions/ Trade Commissions may obtain information copies of the Bidding Documents, free of charge on submission of written request.

Also, bidders could remit United States Dollars Two hundred eighty (USD 280.00) as the non-refundable bidding document fee, directly to the CPSTL bank account (details given in the bidding document). All bank charges (foreign & local) shall be borne by the bidder and proof of remittance (copy of TT) is required to send along with a written request before fourteen (14) days to the Bid closing date, in order to issue the original bidding document by courier service.

A Pre-bid meeting will be held at 1000 hrs. Sri Lanka local time (GMT+5.5) on Monday, 04th November 2019 at the Office of DGM (Operations), Ceylon Petroleum Storage Terminals Ltd (CPSTL).

Duly filled bidding documents may be sent by registered post or sealed cover to reach the Chairman, Ministry Procurement Committee, C/o Manager Procurement, Ceylon Petroleum Storage Terminals Limited, Procurement Function, 01st Floor, New Building, Oil Installation, Kolonnawa, Wellampitiya, Sri Lanka or could be deposited in the tender box kept at the above address, on or before 1400 hrs. Sri Lanka local time (GMT+5.5) on Monday, 02nd December 2019. Late bids will be rejected.

Bids will be closed at 1400 hrs. Sri Lanka local time (GMT+5.5) on Monday, 02nd December 2019 and will be opened immediately thereafter at the office of Manager Procurement, in the presence of the authorized representatives of the bidders who chose to attend. All bids must be accompanied by a bid security of Sri Lankan Rupees Three million five hundred thousand (LKR 3,500,000.00) or United states Dollars Nineteen thousand six hundred (USD 19,600.00), which shall be valid until 30th March 2020.

Clarifications (if any) shall be sought from the Manager Procurement on Tel: +94-11-2572156/ +94-11-5750764, Fax: +94-11-2572155, Email: procure(at)cpstl.lk.

The Chairman
Ministry Procurement Committee
C/O Manager Procurement
Ceylon Petroleum Storage Terminals Limited
Procurement Function
01st Floor, New Building
Kolonnawa, Wellampitiya


 

MINISTRY OF TRANSPORT AND CIVIL AVIATION INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR SUPPLYING 2000 BRAND NEW BUSES FOR STRENGTHENING THE BUS FLEET OF SRI LANKA TRANSPORT BOARD WITH FUNDING ARRANGEMENT

MINISTRY OF TRANSPORT AND CIVIL AVIATION
INVITATION FOR
EXPRESSION OF INTEREST (EOI)
FOR SUPPLYING 2000 BRAND NEW BUSES FOR STRENGTHENING THE BUS
FLEET OF SRI LANKA TRANSPORT BOARD WITH FUNDING ARRANGEMENT
PROCUREMENT NO:MT/04/09/CT/511

 

  1. The Ministry of Transport and Civil Aviation intends to upgrade the bus fleet of Sri Lanka Transport Board (SLTB) with a proponent who is willing to enter in to an agreement with SL TB for the supply of required user friendly brand new buses with modem facilities, to be paid back on earn and pay basis.

  2. The Chairman, Cabinet Appointed Negotiating Committee (CANC), on behalf of Ministry of Transport and Civil Aviation invites sealed Expression of Interest (EOI) from eligible and interested Proponents (Nationally, Internationally or Joint Ventures) for the supply of 2000 user friendly brand new buses with modem facilities with financing arrangement. Proponents may also submit their EOIs through their authorized Local Agent. The required 2000 brand new buses include 275 nos brand new Low Floor (Low entry) Diesel buses,725 nos brand new 49-54 seater Super Luxury buses , 500 nos. brand new 42-45 seater Luxury buses and 500nos. brand new 30-35 seater Luxury buses.

  3. The total quantity of brand new buses have to be delivered within 20 weeks of signing the agreement. 25% of the required quantity of brand new buses is to be supplied within 08 weeks and the balance thereafter at the rate of 25% every 4 weeks.

  4. Only proponents with following experiences and capabilities are eligible to submit EOIs;

    1. A Proponent shall be a Bus Manufacturer or an Authorized Agent of a Bus Manufacturer, and shall have at least 10 years' experience in Project financing, of which at least 03 such projects need to be financially over USD 100mn each in size within the last 05 years, to be supported with previous experience records. If the Proponent has participated as a partner of a Joint Venture in a project, the percentage of the Proponent's contribution shall be more than 20% of the entire project to claim experience.

      A Proponent could submit the proposal as a JV to fulfill the criteria. In such a case the maximum number of JV partners shall be only three (03) and one partner of the JV shall be the manufacturer of offered buses. The details of the JV arrangement shall be submitted through a " Intend to form JV Agreement" signed by all parties of the JV All necessary documents on previous experience shall be submitted to establish, that the Proponent possess the required experience.

    2. The Manufacturer of the brand new buses intended to be offered by the Proponent, shall have at least 10 years experience in bus manufacturing with documentary evidence. The total production of the manufacturer during last 3 years shall be a minimum of 8,000 buses and the manufacturer should have exported/sold buses to at least 05 countries including the manufacturer's country and to a minimum of 02 South Asian countries. Documentary evidence on all above shall be submitted to establish that the manufacturer possess the required experience.

    3. The Manufacturer of the brand new buses intended to be offered by the Proponent, shallhave a Local Agent approved by the Proponent with workshop facilities, adequate qualified & trained staff and at least 05 years experience in bus repair and maintenance, to attend to warranty obligations during the warranty period. Also adequate quantity of spares and the services of a Resident Engineer of the Manufacturer should be available with the Local Agent during the warranty period. Or in case of the Local agent being a company without a workshop, it shall have a partnership with a local servicing facility/workshop, which has adequate qualified & trained staff, the above experience and the ability to provide services mentioned above. In such a case documentary proof of such a partnership should be submitted.

    4. The proponent shall have a positive net asset during the last three years and the Average Working Capital during last 3 years of the Proponent shall exceed USD 50 million. The Proponent's annual turnover shall be more than USD 300 million annually during last 03 years. If the Proponent is a JV, the annual turnover of JV partners taken together shall be more than the above during last 03 years on per year basis.

  5. A complete set of EOI documents in English language may be purchased from the Office of the Secretary, Procurement Committee, Sri Lanka Transport Board, 200, Kirula Road, Colombo 05, Sri Lanka during normal working days from 14.10.2019 to 22.11.2019 between 09.00hrs and 15.00hrs on payment of a non-refundable fee of Sri Lankan Rupees 20,000/-. The EOIs should be submitted using those documents purchased.

  6. A Pre- EOI meeting will be held at 10.00 a.m on 04.11.2019 at the Ministry of Transport & Civil Aviation, 7th floor, Sethsiripaya Stage II, Battaramulla.

  7. The EOI shall be valid up to 23.03.2020

  8. All pages of the EOI Document shall be signed by the proponents with his seal affixed.

  9. EOIs should be submitted in a sealed cover. The sealed cover should include the 'Original' and the 'Copy" of the EOI and marked on the left hand corner of the cover "EOI for Supplying 2000 brand new buses for strengthening the bus fleet of Sri Lanka Transport Board with funding arrangement" and should be submitted to the address below on or before 2.00 p.m on 25.11.2019:

    The Chairman,
    Standing Cabinet Negotiating Committee ,
    C/O Director (Procurement),
    Accounts Division,
    Ministry of Transport & Civil Aviation,
    07th floor, Sethsiripaya Stage II,
    Battaramulla,
    Sri Lanka.

  10. EOIs received after closing time will be rejected and returned unopened.

  11. The EOIs will be opened in the presence of proponents or representatives, who choose to be present, immediately after the closing of the EOIs. Those who have submitted substantially responsive EOIs will be short listed and invited to submit RFPs.

  12. The Cabinet Appointed Negotiation Committee (CANC) has discretionary authority to accept or reject one or all EOIs at any time of the process and the Ministry of Transport and Civil Aviation will not be responsible for any costs or expenses incurred by proponents in connection with the preparation or delivery of EOI.

Chairman,
Cabinet Appointed Negotiation Committee
Ministry of Transport & Civil Aviation,
07th floor, Sethsiripaya Stage II,
Battaramulla,
Sri Lanka.


 

Request for Expression of Interest for the Supply, Installation, Implementation, Commissioning and Maintenance of Core General Insurance Software and Hardware Solution for the Sri Lanka Insurance Corporation Limited

Sri Lanka Insurance Corporation has invited for Expression of Interest (EOI) for Supply, Installation, Implementation, Commissioning and Maintenance of Core General Insurance Software and Hardware Solution for the Sri Lanka Insurance Corporation Limited.

The bidding document can be downloaded here.

Bid closing date: 26th November 2019 at 14.30 hrs Sri Lanka time (GMT +5.30 Time Zone).

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 of 25 nos. Disc Cutting Machine, 25 nos. Core Drilling Machines and 100 nos. Aluminium Manual Track Gauges (with Level) to Sri Lanka Railways - Procurement no. SRS/F.7662

Closing date: 22 November 2019

The Procurement Notice may be downloaded here.

Purchase of 50 nos. Non Trailable Electro Mechanical Point Machine for Sri Lanka Railways - Procurement no. SRS/F.7646

Closing date: 26 November 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: 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

Bid closing date: 06th November 2019


REFERENCE NO: GSE/ICB-02/2019
INVITATION FOR SUBMISSION OF BIDS FOR INVITATION FOR SUBMISSION OF BIDS FOR PURCHASE OF 03 ECONOMY CLASS RAMP COACHES FOR USE WITHIN BANDARANAIKE INTERNATIONAL AIRPORT

Bid closing date: 09th December 2019


 

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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