Panaluwa Industrial Park begins operations

Mohammed Naalir

HOMAGAMA: The Panaluwa Industrial Park in the Homagama Polling Division run by the Board of Investment was handed over to new investors by Rural Industries and Self Employment Promotion Minister S.B. Navinna at a ceremony.

Thirteen small-scale and medium-scale industrialists have been selected for the proposed Panaluwa Industrial Park. Minister Navinna ceremonially inaugurated factories within industrial park.

The Government has reserved Rs. 33 million for the industrial park so far. The investors hope to invest nearly Rs. 250 million. The Government has reserved a 14-acre land area for the proposed Panaluwa Industrial Park.

Land plots will be allocated to industrialists to start factories inside the industrial park on a 30-year rent basis on a nominal rent of Rs. 250 per month for each perch of land plot. Priority will be given to the printing sector, rubber industries, timber production and textile related products, food items in this industrial park.

The Government has set up all facilities in all land plots of the park area such as roads, water, communications and electricity. The factory buildings should be constructed by the investors.