BoI grants investment approvals for three projects
The Board of Investment of Sri Lanka granted investment approval to
Janet Lanka, Hirdaramani International Export and E A Graphics Lanka to
commence operations on new projects.
Janet Lanka (Private) Limited signed an agreement to manufacture
herbal and ayurvedic, health and beauty care products. The venture is an
investment of Rs 77 million sponsored by Janet Cosmetics and Janet
Ayurvedics.
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Chairman, Director General, BoI Dhammika Perera, signed the
agreement on behalf of the BOI and presented the BOI Certificate
of Registrations to the investors. |
The cosmetic products will be available in Sri Lanka and will also be
exported to international markets. The production plant located at
Panadura will provide employment for 200. Commercial operations are
expected to commence immediately. Directors of Janet Lanka Shiwantha
Dias and Charmaine de Alwis signed the agreement on behalf of the
company.
Hirdaramani International Export (Private) Limited signed an
agreement to set up a garment export trading house at the premises of
Hirdaramani Garments Limited at the Katunayake Export Processing Zone.
The venture is an investment of US $ 575,000 sponsored by Hirdaramani
Group of Companies. The venture will purchase products from local
manufacturers and export to the markets in the European Union and United
States.
The venture will provide employment for 50 and commercial operations
are expected to commence immediately. E A Graphics Lanka (Private)
Limited signed an agreement to undertake printing services for the local
market. The venture is an investment of Rs. 44 million sponsored by
Indian investors.
The venture will provide employment for 50 and is in the process of
establishing the infrastructure for the project. The company expects to
commence commercial operations within 1 year.
E A Graphics Lanka (Pvt) Limited, is an integrated offset printing
press that caters to its customers as a one-stop facility offering
end-to-end offset printing solutions in prepress, printing, finishing
and binding. The company is equipped with the latest printing machinery
that can print anything from single to eight colour on any material.
Directors S. Sudarshan and Samuel Saju signed the agreement on behalf
of the company. |
