More Chinese investments

“Several mainstream Chinese investors have consented to invest in industries within the special economic zone which is to be built by the Sri Lanka Board of Investments,” Investment Promotion Minister Navin Disanayake said having returned from the International Investment and Trade Summit in Xiamen, China.

Addressing the Summit, the Minister emphasised on numerous benefits in investing in Sri Lankan industries.

He also discussed matters regarding new investments in Sri Lanka with the Deputy Minister of Chinese Consumer Affairs, Chen Jian and a number of Chinese investors.

The proposed special economic zone will cover an area of over 1000 acres in Matara, Dambulla, Puttalam and Trincomalee.

Industries in sectors such as apparel, fisheries, agriculture, cold stores, information and communication technology and over hundred other small and large industries are to be established within the new economic zone.

It is expected that the project will generate several thousands of employment opportunities.