BOI approves 3 companies

The Board of Investment of Sri Lanka granted investment approval to three companies for investments worth Rs. 171 million.

Dhammika Perera, Chairman / Director General signed the agreements on behalf of the BOI and formally presented the BOI Certificate of Registration to the investors.

An investment agreement worth Rs. 45 million was signed with Superlight Garments Industries (Private) Limited.

The project under Nipayum Sri Lanka 300 Enterprise Program will relocate their manufacturing facility to Gampola from Colombo.

Superlight Garments Industries manufacture garments for the US and European markets.The venture will generate 250 new employment opportunities and will commence commercial operations in one month.Talisfull Asia Pacific signed an agreement to set up a Regional Operating Head Quarters Company.

The regional operations centre established in Colombo will manage their supply operations in Sri Lanka, Bangladesh and Turkey.

The company is engaged in the supply of garment accessories. The venture is an investment of Rs. 57 million that will create 25 new employment opportunities.

An investment agreement worth Rs. 69 million to set up a venture to manufacture poly packaging for indirect export was signed with J & D Poly Packaging (Private) Limited.

The project sponsored by Korean investors will set up their manufacturing plant at Boralesgamuwa.

The venture is expected to generate new employments for 100.