10.
| (1) The functions of the Commission shall be
| | (a) to advise the Government on policy measures, plans and programmes for the encouragement and promotion of industry, including appropriate macros-economic policies for industrialization; | | |
| | (b) to advise the Government on policy measures, plans alization and the promotion of industry; | | |
| | (c) to ensure the provision of institutional mechanisms for industrialization ; | | |
| | (d) to prepare plans for the provision of industrial infrastructure and services; | | |
| | (e) to provide a comprehensive products and markets information infrastructure for industries; and | | |
| | (f) to hold inquiries and make reports to the Minister in respect of such matters relating to industry as are referred to it by the Minister. | | |
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| (2) The Commission shall have the power to do all such acts as may be necessary for the proper discharge of its functions. |
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| (3) In the discharge of the functions assigned to it by this Act, the Commission shall have regard, to the need
| | (a) to encourage the development and growth of Industries that are efficient and internationally competitive ; | | |
| | (b) to facilitate adjustment to structural changes in the economy ; | | |
| | (c) to reduce to a minimum, in so far as national policy permits, the regulation of industry. | | |
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| (4) In referring any matter for inquiry to the Commission under section 10 (1) (f) the Minister may specify the respective periods within which, the Commission shall , submit its interim and final reports to the Minister. |
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| (5) The Minister may require the Commission, under paragraph (f) of subsection (1), to inquire and report on
| | (a) the provision of financial or other assistance by the Government to any industry ; | | |
| | (b) the need for the Government to provide financial assistance to any industry or the need to withdraw, increase or reduce any financial assistance granted by the Government to any industry; | | |
| | (c) the need to prohibit or restrict the importation of any goods into Sri Lanka ; or | | |
| | (d) the need to impose, remove, increase or reduce the duties on any goods imported into Sri Lanka. | | |
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Sri Lanka Consolidated Acts