22 investors secure land plots from 8 industrial zones

The Cabinet of Ministers this week gave permission to allocate land plots to 22 investors from eight industrial zones, to initiate their projects worth over Rs.24 billion, which are expected to generate 3,326 direct employment opportunities.

The proposal was submitted to the Cabinet of Ministers on Monday by Industries Minister Wimal Weerawansa.
Accordingly, the relevant land plots would be given on a 35-year lease basis for the 22 investors, under the Regional Industrial Zones Development Programme, implemented by the Industries Ministry.

“These investors are to invest Rs.24,047.85 million and US $ 3 million in these projects while it has been estimated of 3,326 direct employment opportunities to be generated from these projects,” the Government Information Department said yesterday. 

It further noted that the proposal was based on the recommendations of the project evaluation committees of the Trade Ministry. 

The Regional Industrial Zones Development Programme aims to promote industries at regional level and disperse the industrial development activities throughout the country.

Last September, the Cabinet nod was given to allocate land plots in the industrial zones in Ratmalana, Kalutara, Millewa, Nalanda, Ulapone, Makandura, Uva Paranagama and Batticaloa, to nine investors, for a period of 35 years.