BOI targets over Rs. 5 b from 15 mega projects
by Lalin Fernandopulle
[email protected]
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Infrastructure in place for development projets.
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The Board of Investment of Sri Lanka (BOI) targets an investment of
over Rs. 5,000 million from 15 mega projects that will be set up this
year in the Eastern Province, BOI sources said.
The projects for the East include apparel, rice mills, hotels, dairy
farms and industrial factories with an investment of over Rs. 100
million from each. The sources said with the liberation of the East
local and foreign investors have shown a keen interest in setting up
projects and developing the livelihood of the masses.
The East has been a preferred location for tourism and many hotels
and resorts will be constructed in Kallady, Ampara and Pasikudah. The
cultural diversity and exotic settings with sandy beaches have attracted
leading private sector companies to commence operations.
The total direct employment of the projects to begin in the province
will exceed 5,000 while indirect employment will be over 20,000.
Livestock and cottage industry development in the East has been looked
into in opting for new projects.
“The infrastructure is not an obstacle for industrial development in
the East as work on many roads has already commenced. |
