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by Lalin Fernandopulle

The Cabinet Sub Committee for Investment on Monday approved several investment projects which are targeted at strengthening the country's economy. Such projects would streamline the economy flow and increase export Earnings, Enterprise Development and Investment Promotion Minister Rohitha Bogollagama said.

The State Engineering site at Peliyagoda will be developed into an IT campus at an investment of US $ 40 million by Zomm Developers Ltd. The green lights were given to build an apparel factory at Anuradhapura with an investment of Rs. 150 million.

He said several mini hydro power projects which had been stopped due to land issues were approved. Two mini hydro power projects at an investment of Rs. 600 million and 250 million will be set up in the Ratnapura and Kegalle districts respectively.

The government hopes to generate employment opportunities for over 19000 people in the projects earmarked which is an achievement of President Mahinda Rajapaksa who has come up with a clear strategy to develop the country.

A company has already agreed to invest on the Thulhiriya Textile Mill improving the quality and standard of local textiles to compete with the international markets.

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