Okaya Lanka to invest in electronic sector
Okaya Lanka, singed an agreement with the Board of Investment of Sri
Lanka for a project to manufacture electrical components for the export
market.
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Minister of Enterprise Development and Investment Promotion Dr.
Sarath Amunugama, formally presenting the BOI Certificate of
Registrations to Aoki and Director Operation Oguchi. Manager,
Gingi Somaweera was also present at the occasion. |
This project is an initial investment of US $ 30 million sponsored by
Okaya electric Industries, Japan. The venture located at the Katunayake
Export Processing Zone will create employment opportunities for a
workforce of over 1000.
Okaya is an international company that designs, manufactures and
markets Electrical Noise Suppression Components, LED products and for
use in the Electrical and Electronics industry.
Managing Director of Okaya Lanka Aoki Masamitsu, said that Okaya
Electric Industries is a prominent manufacturer of electronic film
capacitors and has a 20 % share in the world electronic market. He
further stated that Okaya Electric Industries supply electrical
components to major brands such as Canon, Panasonic, Hitachi, Sony,
Samsung and Delta Ex.
Okaya Lanka has purchased a fully operational factory and will
commence commercial operations in July. The venture will also import
state of the art technology from Japan.
Masamitsu also stated that there was an official launch of Okaya
Lanka in Japan parallel to the agreement signing with the BOI. Okaya
Lanka will invite top officials of Japan for the commencement of
Commercial Operations. They hope with that more Japanese companies will
see the investment opportunities and facilities available and encourage
them to invest in Sri Lanka as well.
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