Nestle to invest Rs 10 billion
Nestle is to invest Rs 10 billion in Sri Lanka
within the next five to six years, a senior official of the company
said. Addressing media in Colombo yesterday, Nestle South Asia
Market Head and Nestle Lanka PLC Chairman Antonio Helio Waszyk said,
“Considering all favourable conditions Nestle sees a lot of
opportunities in Sri Lanka and believes in its potential.
Accordingly Nestle has stepped up its investment in the country.
Within the next five to six years we are going to invest Rs 10
billion. Out of this we plan to invest more than Rs 2 billion in
2011.
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In the past three months:
Marked improvement in apparel sector
There has been a marked improvement in the
apparel industry performance in the past three months and the
industry expects steady performance this year. “The apparel industry
is doing well for the past three months. We expect this year’s
performance to be as same as the last year and to end the year at
the same level of US $ three billion revenue for 2011. There has
been a positive trend for the past three months and this is a good
sign,” Joint Apparel Association Forum Secretary General Rohan
Masakorala told Daily News Business.
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Underground pipeline to Mattala Airport:
Magampura Tank Farm work proceeding
Relevant authorities in the Ports Authority are
looking at the possibilities of setting up an underground pipeline
capable of transporting aviation fuel to Mattala Airport from
aviation fuel tanks in the Magampura port.
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