Three BOI ventures invest US $ 6 m
Three Sri Lankan companies yesterday signed agreements with the Board
of Investment to commence three separate projects investing over US$ six
Over 1,000 new employment opportunities would be created.
The BOI spokesman told to the Daily News Business that those three
companies are Kent Poultry Farm, Lanka Garments Bibile and T&G Lanka.
The Kent Poultry Farm has signed an agreement with BOI to begin
poultry farm at Badalgama, Naiwala and Pannala investing US$ four
million. The Kent Poultry Farm is engaged in poultry and chicken
The company operates a breeder farm, hatchery and chicken processing
farm. The intention of the project is to produce high quality chicken
for the local market.
Almost 350 to 400 employment opportunities will be generated by this
project. They are looking at exporting broiler chicken to the European
Lanka Garments Bibile also signed an agreement with the Board of
Investment yesterday to manufacture garments for export. The company
will invest US$ 1.2 million for the project.
The factory is likely to generate direct employment to 550 persons
T&G Lanka signed an agreement with the BOI to manufacture fiber
optical cables investing US$ one million. They are also looking at
exporting cables for the international market.