BOI projects worth over Rs. 550m

The Board of Investment of Sri Lanka (BOI) signed agreements for 7 new projects recently. Chairman/Director General of the BOI Dhammika Perera signed the agreements on behalf of the Board and formally handed over the certificates to the investors. Total employment generation would be over 1,500.

The Aquagardens N-W (Private) Limited signed an agreement to commence a project that represents an investment of Rs.242 million. The project involves the processing of seafood for export and will be based at Bangadeniya. It will provide employment for a workforce of 307.

Neil Marine J Boat Builders signed an agreement to manufacture all types of fishing boats for the local market. The project represents an investment of Rs.45 million and will be based at Custom Road, Beruwala. It will provide employment to a workforce of 208 at capacity.

An agreement to manufacture and assemble energy saving lamps for export purposes was signed by Lanka Boysun Electronic (Private) Limited. The Rs. 27.5 million project will be based at Kadawata and will provide employment for a workforce of 82.

Civaro International signed the agreement for a project that represents an investment of US$ 250,000. The project is for the establishing of a regional operating headquarters company. The Project Office for this purpose will be located at Foster Lane, Colombo 10.

V.S. Turbo signed an agreement for a project that represents an investment of US$ 795,000.

The project will provide employment for a workforce of 87 and will be based at Talduwa, Avissawella. The project involves manufacturing of Turbines for the local market.

An agreement to manufacture garments for export by taking over M/s M.S.A. Mode (Private) Limited was signed by Christy Clothing. The project represents an investment of Rs. 67.2 million and will provide employment for a workforce of 1,000. It will be based at Makulwewa, Kurunegala.

The Agreement for setting up of a hospital at Puttalam was signed by Minhas Hospital (Private) Limited. The project represents an investment of Rs. 60 million and will provide employment for a workforce of 51.4