Cabinet nod to setup 100-acre industrial estate in Katunayake

With aim of attracting Rs.30 billion in investments and generating 11,500 employment opportunities, the Cabinet of Ministers has approved a proposal to set up a 100-acre industrial estate in Katunayake.

The Cabinet of Ministers on Monday granted approval for the proposal presented by the Industries Minister Wimal Weerawansa to setup the proposed industrial estate on a 100-acre State-owned land in the Katana Divisional Secretariat Division, named Kaludiyawala Watta.

According to the Government Information Department, the industrial estate is expected to facilitate the commencement of a range 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.

Further, it noted that the proposal was based on investor demand for such an industrial estate in the Western province to setup their manufacturing plants. 

The Industries Minister has received such requests from around 150 investors. Therefore, the Ministry assured the Cabinet of Ministers on attracting investments worth of Rs.30 billion while generating 11,500 employment opportunities.