Lanka attracts Rs. 191 billion worth investments
Irangika Range
COLOMBO: The Government has been able to attract Rs. 191 billion
worth of total investments by approving the establishment of 251 local
and foreign investment projects in Sri Lanka during the period of
January to May 18, Enterprise Development and Investment Promotion
Minister Dr. Sarath Amunugama said.
He said this would vastly develop the national economy while creating
over 44,384 new job opportunities. Among the new projects are companies
dealing in Information Technology, Electricity, Housing, Ready Made
Garment manufacturing and its related services, Rubber related projects,
Hotel Projects, Domestic Equipment, Food Manufacturing and Electrical
Equipment.
The Government has given approval to commence 23 projects in January
which amount to Rs.9,429 million. It is expected to create over 3,308
new job opportunities.
"We have approved 22 projects on February and 30 projects in March.
The total investment of Rs 14 billion has been achieved through this
while creating the over 6856 jobs opportunities.
"Approval has been given for the 117 projects in April and it is the
highest rank. The total investment is Rs. 104 billion while over 24,596
employment opportunities are generated. We have approved 59 projects
till May 18 attracting Rs. 60 billion worth of investments. Over 9,624
jobs are expected to be created this month," Minister said.
He said the Government is keen on approving investment projects
expecting speedy development in the country. It also uplifts the peoples
livelihood by eradiating unemployment and increasing the flowing of the
foreign exchange to the country.
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