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The government has taken steps to open two New Investment Zones (NIZ) in Biyagama and Pannala, creating job opportunities for 40,000 youths, according to the Board of Investment, states a press release issued by the Government Spokesman.

The investment zone at Pannala which is expected to come up in 300 acre premises, will give priority to IT and other manufacturing sectors than for the garment sector. This zone will have around 30 factories and after completion, is expected to provide 15,000 jobs.

The first stage of this investment zone is expected to give around 1000 job opportunities according to the BOI. Four large factories are expected to come up in the first six months of the first stage. Facilities like a school, Day care centre and a medical centre are expected to built simultaneously for the children of the workers of these factories, providing them education and welfare. Meanwhile, the South Textile Ltd., which closed in 2002 before its owners left the country is expected to come up again in this investment zone.

The new zone at Biyagama will be in addition to the present investment zone in Biyagama and will come up in a 350 acre premises at Henegama in the Keragala area. The government expects around 60 factories indulging in the Garment, Electronic and Food processing sectors to come up in the zone. The BOI says around 25,000 jobs would be provided through these factories.

Agreements with Italian and French investors for several of these factories are in the final stage. In the initial stage of this investment zone around thousand job opportunities will be available in the next 8 months according to the BOI.

STONE 'N' STRING

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