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Total investment US $ 20 million:
BOI signs eight new agreements
The Board of Investment of Sri Lanka (BOI) granted investment
approval for eight ventures to commence operations under the BOI.
Chairman / Director General Dhammika Perera signed the agreement on
behalf of the BOI and presented the BOI Certificates of Registration to
the investors. The new ventures will invest US $ 20 million and will
create 500 employment opportunities.
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BOI Chairman / Director General Dhammika Perera, presents the
BOI Certificates of Registration to the investors of Bogo Power
(Private) Limited. |
Nilwala Vidulibala Company signed the agreement for a venture to
establish a mini hydro plant at Morawaka. The venture is an investment
of over US $ 3.28 million. An investment agreement for a venture to
establish a 25 room hotel in Vavuniya was signed with Thampa Tourist
Hotel and Inn. The venture is an investment of US $ 500,000.
Stafford Hotels signed an agreement for an investment project to
refurbish and upgrade Club Dolphin at Waikkala. The venture is an
investment of over US $ 4.4 million.
Bogo Power signed an investment agreement to set up a 4,000 kw mini
hydro power plant. The power plant located at Kirkoswald Estate, Norwood
is an investment of over US $ 5.5. million.
An investment agreement for over US $ 500,000 was signed with
Hambantota Trading Company. The company will set up an export trading
house in the Koggala Export Processing Zone.
Aitken Spence Hotels signed an agreement for an investment project to
refurbish and upgrade Neptune Hotel at Beruwala. The venture is an
investment of over US $ 4 million.
An investment agreement for over US $ 1.5 million was signed with
Jugas Agro Dairies. The company will set up a project to process milk
for the local market in Chenkalady.
The project carried out under Accelerated Development Program for
Eastern Province is for an investment of US $ 1.5 million.
B F P Enterprises signed the agreement to establish a project to
process banana fibre into value added products for export.
The venture is an investment of over US $ 500,000. The project
carried out under Nipayum Sri Lanka 300 Enterprise Programme will be
established in Hambantota. |
