Sri Lanka to build factory in Iran FTZ

SRI LANKA is to increase its economic presence in the Iranian Free Trade Zone of Chabahar.

The Managing-Director of the FTZ, Mohammad Taher Baqerzadeh made the announcement after an economic and commercial delegation from the Chabahar Free Trade Zone travelled to Sri Lanka to hold talks with investors in the country.

“Sri Lanka’s Finco Group has agreed to build a cloth-manufacturing factory in Chabahar that will help job creation in the region,” the official told IRNA on Saturday.

He also said talks had been held with Sri Lankan official to build a tea packaging facility in Chabahar.