Magampura Zone investments begin

Investments in the Ruhunu Magampura port industrial zone will flag off with the ground breaking ceremony of Hayleys fertilizer processing plant on Monday at 10 a.m. The company will be investing US $ 7 .3 million for this venture. Pakistan's Thatta Cement is also planning to set up a cement bagging plant with an investment of US $ 15 million on the industrial zone.

A Sri Lanka Ports Authority official said government approval has been received for this project.

In addition, Peak Energy (Pvt) Ltd will invest US $ 434.5 million for a petro chemical plant as a joint venture project between Singapore and India while Shree Renuka Sugar Limited will infuse US $ 220 million for a sugar refinery plant. (IH)