The government has decided to invite expressions of interest and proposals from eligible local and foreign organizations to promote the registration of ships under the Sri Lankan flag.
Ship registration is a major source of foreign exchange to the local economy and has the potential to generate direct and indirect employment opportunities.
Therefore, in order to implement this measure, a technical evaluation committee has evaluated the relevant proposals and steps have been taken to select the most appropriate institutions based on the recommendations of a procurement committee.
The Cabinet has approved the proposal presented by the Minister of Ports, Shipping and Aviation Services in this regard.