Hon. Kathiravelu Shanmugam Kugathasan

## Summary Hon. Kugathasan welcomed the Government's decision to increase outward investment limits, characterising it as a positive shift from crisis management toward growth-oriented economic policy. He argued, however, that this measure alone is insufficient and must be part of broader reforms to position Sri Lanka as a competitive business and financial hub. Specifically, he called for the introduction of "automatic route" approvals for investments, citing India and Singapore as models, and emphasised that legislative changes must be accompanied by institutional reforms to achieve a genuinely open economy.