With more involvement from foreign investors:

BOI signs six new agreements

The Board of Investment of Sri Lanka granted investment approval for six ventures to commence operations under the BOI. Chairman / Director General Jayampathi Bandaranayake signed the agreement on behalf of the BOI and presented the BOI Certificates of Registration to the investors. The new ventures will invest US $ 6 million and will create 570 employment opportunities.

M.D.K. Health Care Centre and Hospital signed the agreement for a venture to establish a hospital in Horana. The investment of over US $ 1.3 million will set up a modern hospital providing healthcare services. The hospital is expected to create employment for a workforce of 140.

An investment agreement to establish an ice manufacturing plant was signed with Sam Lanka Ice. The venture located at Tangalle is an investment of US $ 400,000. The venture sponsored by Singaporean investors is carried out under the Nipayum Sri Lanka 300 Enterprise Program. The venture will be providing ice to be utilized in the fishing industry in the area. The manufacturing plant is expected to provide initial employment for 30.

Walters Bay Bogawantalawa Estate signed the agreement for an investment project to manufacture iced tea for export.

The products are expected to be exported to the US, where there is a high demand for the product.

The venture sponsored by US based Walters Bay and Company Inc represents is an investment of over US $ two million. The manufacturing plant will be established in Ragama providing initial employment for 20.

S and S Lanka Gloves signed an investment agreement to manufacture household and industrial gloves for the export market. The venture located at Katugampola Industrial Park represents an investment of over US $ 500,000 by Korean investors. The venture established under Nipayum Sri Lanka 300 Enterprise Program is expected to provide employment for 210.

An investment agreement for over US $ 1.3 million was signed with Walters Bay Tea Estate.

The company will manufacture value added iced tea and hot tea for export. The venture sponsored by US based Manel Bay UC will set up the manufacturing plant in Gampola, creating employment opportunities for 110.

Nakamori signed the agreement for an investment project to assemble and manufacture machinery and equipment for the local market.

The project carried out under the Accelerated Development Program for the Eastern and Northern Province will establish the production facility in Kuchchaveli. The venture is an investment of over US $ 400,000 by Japanese investors providing initial employment for 60.