Sri Lanka, March 15 -- Colombo Port City, Sri Lanka's most ambitious development project, has marked a significant milestone this week with the ground-breaking ceremony for its premier business park, the Colombo Business Centre. This Centre, which will become operative in six months, is formulated to create a robust environment that will enable global megacorps to operate from Sri Lanka.

To create an attractive environment for investors and business leaders, major regulation reforms will be enacted shortly to ensure ease of doing business within the Port City. Special status and a host of exemptions and special incentives will be accorded to businesses that will have a broad economic impact.

Prime Minister Dinesh Gunawardena extended an...