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BOI signs six new agreements

Total investment US $ 7 million:


BOI, Chairman/Director General, Dhammika Perera hands over the BOI Certificates of Registration to the investor of Courtaulds Clothing Badalgama (Private) Limited.


Chairman Regnis Appliances (Private) Limited Hemaka Amarasoriya, receives the BOI Certificates of Registration from BOI Chairman/Director General Dhammika Perera.

The Board of Investment of Sri Lanka granted investment approval for six ventures to commence operations under the BOI. Chairman / Director General Dhammika Perera signed the agreements on behalf of the BOI and formally presented the BOI Certificates of Registration to the investors. The new ventures will invest US $ 7 million and will create 700 employment opportunities.

Antane Ice Mill signed an agreement for a venture to establish an ice manufacturing plant in Mannar. The venture under the Accelerated Development Program of Eastern Province is an investment of over US $ 140,000.

Regnis Appliances signed an investment agreement to manufacture and assemble Home Appliances. The project under Nipayum Sri Lanka 300 Enterprise Program is for an investment of US $ 1.1 million.

An investment agreement for US $ 150,000 was signed with ATM Lanka. The company will develop software for the local market.

Courtaulds Clothing Badalgama signed an agreement to manufacture knitted fabric for the export market. The venture located at Badalgama is an investment of over US $ 3.5 million.

Courtaulds Trading Company signed the agreement to set up an Export Trading House. The venture located at Katuwelegama is an investment of over US $ 100,000.

An investment agreement for US $ 250,000 was signed with Asian Rubber for a project of pre/post harvest management of rubber and other crops utilising advanced technology.

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