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Indian sugar firm to invest in SL
Three foreign companies, including an Indian sugar manufacturer, will set up factories at an economic zone in southern Sri Lanka that is centred around a US$361 million China-funded harbour, a top official said.
The Indian sugar company, a Singaporean petro-chemical plant and a Pakistani cement grinding factory are expected to begin building their factories this month, said Sri Lanka Ports Authority Chairman Priyath Bandu Wickrama. Since the end of Sri Lanka’s three-decade-long conflict, the government has invested over US$6 billion in infrastructure development. (Xinhua)
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