COLOMBO, Jan 27 (NNN-SLNEWS) – Sri Lanka’s ministers approved a proposal, to establish an industrial city on the outskirts of the capital, Colombo, the government information department said.
The industrial city, located in Katunayake, is expected to attract an estimated 167 million U.S. dollars’ worth of investments and create 11,500 job opportunities.
The proposal was submitted by Industries Minister, Wimal Weerawansa, who said, nearly 150 investors had requested his ministry to provide them with an opportunity to set up businesses in the country’s Western Province.
The government information department, quoting the minister said, there was a need for a new industrial park, as all eight industrial parks in the province were currently operating at full capacity.
The proposed industrial park will be set up using 100 acres of government land, in the Katana Secretariat Division, to facilitate the commencement of industries such as rubber, plastics, pharmaceutical and allied products, electrical and electronic appliances, packaging, value-added agro products and recycling industries, with a focus on apparel and allied products, the statement said.– NNN-SLNEWS
