1. Objects of the company - 

(a) to promote resource based economic development within the Special Economic Zone under its purview ;

(b) to encourage and promote agricultural services and commercial activities within the Zone under its purview ;

(c) to widen and strengthen the base of the economy.

2. Functions and powers of the company -

(a) to provide facilities to encourage the setting up and expansion of industrial, agricultural and business enterprises within the regions ;

(b) to support the development of local entrepreneurs, small  and medium business enterprises and to assist in the expansion and upgrading of local companies ;

(c) to identify and encourage targeted companies to undertake a wide range of regional services and business activities in Sri Lanka ;

(d) to promote and assist in development of support industries services ;

(e) to develop and manage sites, zones, parks, estates and other premises and other infrastructure needs for industries, agriculture and business within the region ;

(f) to encourage industrial and agricultural enterprises to upgrade their skills and technical levels through investment in technology, training, research and product development ;

(g) to plan develop and manage industrial townships ;

(h) to provide social amenities for the advancement and wellbeing of the persons living in the area ; and

(i) to borrow money from banks and other lending institutions.