BoI signs agreement with Greenkeepers

The Board of Investment of Sri Lanka signed an agreement with Greenkeepers (Pte) Limited. Chairman / Director General Dhammika Perera signed the agreement on behalf of the BoI and formally presented the investor with the BoI Certificate of Registrations.

The agreement signed with Greenkeepers is for a project to set up an Export Trading House to source industrial waste material. This project will recycle, process and export identified waste to recycling plants across the globe.

The Company will also focus on exporting organic food items as well as environmentally friendly products such as coconut-coir / shell based products from Sri Lanka to global markets.

In the area of waste material export, the company will be working closely with the BoI factories that manufacture garments, tyres, and rubber based products and subsequently will move to other types of waste that can be recycled.

Greenkeepers Limited is expected to commence operations in July. The venture is an investment of US $ 100,000, which will create over 30 employment opportunities at their processing house at Wattala.

The project will benefit the country, as it will dispose of a lot of industrial waste in a very environmentally friendly manner. It will also help the BoI and manufacturing houses by providing a solution to the waste produced by factories.

Foreign exchange will also be earned by the sale of this waste in addition to the creation of new jobs. The company will work closely with local authorities, enterprises and government officials in sourcing the waste.

In the long term, Greenkeepers plan to extend their operation to the whole country by setting up their own waste management plant with their strategic partners. These partners who own and manage recycling plants across the globe view Sri Lanka as an investment friendly nation that is strategically located in comparison to other countries in the Indian Subcontinent. These factors favour future investments.