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Projects worth Rs. 4,500 million in Central Regional Investment Zone

by S.M. Jiffrey Abdeen - Kandy South group correspondent

Foreign and local investors have made applications for approval of projects amounting to Rs. 4,500 million which would generate large scale employment opportunities, said Minister of Central Region Development Tissa Attanayake.

He was addressing officials of the Central Regional Investment Promotion Zone at its fortnightly meeting held at the Auditorium of the ministry of Central Regional Development.

Minister Attanayake said 13 projects have been approved, where local investors will contribute Rs. 2,262 million while foreign investors will contribute Rs. 775 million.

Applications for a further nine projects have been received. The local investor contribution will be Rs. 780 million and the foreign investors will invest Rs. 775 million for these projects which will generate around 2,500 employment opportunities. Minister Tissa Attanayake said that agreement had also been signed for two factories with an investment of Rs. 97 million. 500 are to be provided employment opportunities.

These factories will be opened shortly.

Applications for another 26 projects have been received and the total investment here will be Rs. 155 million. These projects will provide employment to about 1,000. Majority of these projects will on housing and food packaging, agriculture and animal husbandry, according to the minister.

Minister Tissa Attanayake in conclusion said if we are to attract more investors in the Investment Promotion Zone, they must provide the investors with the necessary facilities and also the required publicity should be given through the media.

Secretary to the Ministry of Central Region Development Palitha Elkaduwa, Director Central Region Investment Board S. Munasinghe, Co-ordinating Secretary S.M. Tennakoon and senior officers participated.

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