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Colombo International Maritime Conference Organising Committee Chairman Rohan Masakorala presenting a memento to Prime Minister Ranil Wickremesinghe with Finance Minister Ravi Karunanayake in the background  Pic by Kithsiri De Mel

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The second Colombo International Maritime Conference was held on 22 September and inaugurated by Prime Minister Ranil Wickremesinghe. Over 400 participants, including 60 international speakers, attended the event – Pix by Kitsiri de Mel.

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Prime Minister Ranil Wickremesinghe addresses the Colombo International Maritime Conference. CASA Chairman Capt. Ajit Peiris, Finance Minister Ravi Karunanayake, Colombo Shippers Academy CEO Rohan Masakorala and Sri Lanka Shippers Council Chairman Sean Van Dort look on - Pic by Kaithsiri de Mel. See Pictorial on Page 18.
By Madushka Balasuriya

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The Indian Government yesterday sought to reassure Sri Lanka that India’s burgeoning investment on developing its ports will pose no threat to the Port of Colombo, noting they have urged Indian companies to invest in the expansion of the Colombo Harbour.
By Madushka Balasuriya

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The three-day Colombo International Maritime Conference – CIMC is now emerging as the biggest diversified maritime conference in South Asia. Given the country location and a reform and development agenda drawn by the Government of Sri Lanka to develop Colombo, Hambantota and Trincomalee to transform Sri Lanka from a transshipment port to a maritime nation is creating greater interest from many international investors.

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The recently announced Colombo International Finance Centre (FC), formerly known as the Colombo Port City, will have legislation and tax laws separate from that of the rest of Sri Lanka, the Government revealed yesterday, as it ramped up efforts to attract investment and capitalise on its strategic location in the region.
By Madushka Balasuriya