Indian sugar firm to invest in SL
4 December 2011 05:15 am
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)