Invite to funding investors proposal from SRI LANKA
Sri Lanka’s cabinet of ministers has approved a proposal to lease land from 15 industrial estates for 35 years expecting over 4.5 billion rupees in investment and over 2,400 direct employment opportunities.
A cabinet statement said a project evaluation committee of the Ministry of Industries had studied 27 project proposals and recommended that land be allotted from 15 industrial estates for their implementation.
“Regional Industrial Estate Program is a major program implemented with the objective of regional level industrial development. Selection of appropriate investors for the programme is done after a thorough evaluation of the Project proposals by the ‘Regional Industrial Services Committee’ established under the Industrial Promotion Act No. 46 of 1990 and the ‘Ministry Project Evaluation Committee’ maintained under the Ministry of Industry,” the statement said.
“Selected investors are expected to invest Rs. 4,523.34 million and to generate 2477 direct employment opportunities. The cabinet of ministers approved the proposal presented by Minister of Industries [Wimal Weerawansa] to allocate the relevant investors land portions on 35 year long term lease basis
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