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Thursday, 29 December 2011

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Qatar, Indian investors keen on Kalpitiya

Kalpitiya is gearing up for a tourism revival with high profile international and local investors showing keen interest in investing in the Kalpitiya integrated tourism resort project. The Kalpitiya integrated tourism resort project which consist of two phases has 31 islands altogether in Kalpitiya and Puttalam Lagoon areas.

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EMP, Puwakaramba tie-up for nail factory

Rs 300m investment:

A leading manufacturer of electrical switch boards in the country Electro Metal Pressings has diversified into manufacturing nails with an investment of Rs 300 million jointly with Puwakaramba Agencies Pvt Ltd recently. The newly built EMP nail manufacturing factory was opened at the Templeburg Industrial Estate in Panagoda last week.

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Colombo Engineering mulls Hambantota ship repairs

Colombo Engineering, involved in ship repairing for more than three decades, is looking at setting up a ship repair facility in Hambantota. Colombo Engineering, CEO Kiran Atapattu said the focus now is in the Ruhunu Magampura harbour and they are looking at exploiting this situation.

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The Rs 50 million bicycle project launched recently in Menik Farm Vavuniya by Hainan Lanka to produce and supply bicycles to the North and East of Sri Lanka in conjunction with the Indian High Commission is in progress successfully. The plant was set up in September this year on a half acre land. The plant has two modern assembling lines and can produce 100 bicycles a day. A group of newly employed women working in the production line.



 
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