Clarifying on media reports that the Government would review its property project in Colombo, Tata Housing today criticized the new government's arbitrary action.

“Such actions by the government discredits the authorities in Sri Lanka that have been engaging with Tata Housing over the past three and half years and have granted multiple approvals for the project based on its merit. Besides, such arbitrary actions will also adversely impact confidence of overseas companies to make future investments in Sri Lanka,” Tata Housing said in a statement obtained by the Business Standard.

Finance Minister Ravi Karunanayake last week said the government plans to review the Tata Housing’s mixed development project in Slave Island.