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Embilipitiya Economic Centre opens today

The Rs. 55 million Embilipitiya Special Economic Centre (SEC) will commence business from today (March 11). In addition to its 45 trade stalls this new Economic Centre has 'Pola' facilities to enable traders to market agricultural produce with ease, said a press release issued by the office of the Government spokesman yesterday.

As a special feature this Economic Centre will be kept open from 12 noon to 8 p.m. daily to facilitate the easy transport of produce sold to other Economic Centres in the country.

Wholesale as well as retail trade of produce brought from other ares will also be undertaken at this centre in addition to the local produce of farmers in the region.

A plentiful supply of bananas endemic to the region will also be available at this center.

Special benefits will accrue to farmers in the area from this new economic centre. They will be exempted from the special tax of Rs. 5 to 10 levied by the stallholder in respect of each bunch of bananas.

The trade stalls have been leased out to traders on the basis of a lump sum deposit of Rs. 1 million and monthly payment of R. 4,500 while Pola facilities are given to them on the basis of a lump sum deposit of Rs. 50,000 and a monthly payment of Rs. 3,000.

Two branches of the Bank of Ceylon and the People's Bank have already been set up at the centre.

Arrangements are being made to set up a branch of the National Savings Bank too. The Centre has adequate security as it is situated opposite the Embilipitiya Police Station.

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