New industrial zone in Panaluwa

Irangika RANGE

HOMAGAMA: The Government has vested its 17th new Industrial Zone in Panaluwa, Homagama to 13 selected small and medium entrepreneurs. They will invest around Rs. 250 million to set up their new business ventures.

The Rural Industries and Self-Employment Promotion Ministry has invested Rs. 33 million to set up this zone.

The zone is operated by the Industrial Development Board. Many industries such as printing, rubber based products, food products, engineering products, timber and powerloom industry will be set up in the 14 acre land.

Rural Industries and Self-Employment Promotion Minister S.B. Nawinna said this opportunity would create over 300 jobs in the area.

The Government has improved all infrastructure facilities including water, telecommunication electricity, safety and roads in the zone and the investor has to pay only Rs. 250 as a monthly rent per one perch.

“We will develop two industrial zones in Kotagala and Wariyapola investing nearly Rs. 66 million this year,” he said.

“We would request all investors to commence their commercial activities soon as possible for a speedy development in the country.

“If somebody is not engaged in the manufacturing properly or if it is transferred to others illegally, we will take action against them,” he said.

Trade, Marketing Development, Cooperatives and Consumer Affairs Minister Bandula Gunawardana said this would develop the Homagama area.