FTZMA meets BOI chief to share challenges faced

FTZMA members with BOI Chairman Dinesh Weerakkody (fourth from left) on BOI premises

The members of the Free Trade Zone Manufacturers’ Association (FTZMA) met with the Board of Investment (BOI) chief last week to provide a snapshot on the issues faced by the BOI entities in moving forward.The FTZMA chairman and council members paid a courtesy call to BOI Chairman Dinesh Weerakkody on February 17, where several challenges were pointed out.

At the meeting, the members highlighted seven key issues faced, which were installing a fuel station in every Free Trade Zone in the country, having a sustainable energy project, harnessing solar electricity for the BOI and Export Processing Zones in the country, making available paddle bicycles to the BOI companies on a duty/tax-free basis, placing a train service from Fort to airport station to facilitate the KEPZ employees, granting permit/licence to import fully-electric vehicles for the BOI investors, doing away with the renewal of health check-up for foreign investors and looking at the implications of the provisions of Inland Revenue Amendment Act 14 of 2022, on corporate income tax.