LIOC lube blending plant to replace Indian imports
Lanka Indian Oil Corporation is planning to
commence operation of its lube oil blending plant in Trincomalee by
July this year to replace imports of finished lubricants from India.
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BOI now set to fast track projects
The time taken to process an application has
been reduced to one day and the number of papers in the form reduced
to one will help implement projects faster, said Enterprise
Development and Investment Promotion Minister Dr. Sarath Amunugama.
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Access to bank funds a drawback to SME growth
A major hurdle for the growth of the Small and
Medium Enterprises sector is the inability to have access to funds
through the banking sector. A link between the SMEs and the bankers
is vital, said Country Manager IFC Sri Lanka Maldives, Gilles J.
Galludec.
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