BOI signs $ 20 million new agreements creating 500 job opportunities
The Board of Investment of Sri Lanka granted investment approval for
eight ventures to commence operations under the BOI. Chairman/Director
General Dhammika Perera signed the agreement on behalf of the BOI.
The new ventures will invest US $ 20 million and will create 500
employment opportunities.
Nilwala Vidulibala Company (Private) Limited Nilwala Vidulibala
Company signed the agreement for a venture to establish a mini hydro
plant at Morawaka. The venture is an investment of over US $ 3.28
million. Thampa Tourist Hotel and Inn (Private) Limited, an investment
agreement for a venture to establish a 25-Room Hotel in Vavuniya was
signed with Thampa Tourist Hotel and Inn. The venture is an investment
of US $ 500,000.
Stafford Hotel PLC (Private) Limited Stafford Hotels signed the
agreement for investment project a refurbish and upgrade Club Dolphin at
Waikkal. The venture is an investment of over US $ 4.4 million.
Bogo Power (Private) Limited Bogo Power signed an investment
agreement to set up a 4,000 kw mini hydro power plant. The power plant
located at Kirkoswald Estate, Norwood is for an investment of over US $
5.5 million.
Hambantota Trading Company (Private) Limited An investment agreement
for over US $ 500,000 was signed with Hambantota Trading Company. The
company will set up an export trading house in Koggala Export Processing
Zone.
Aitken Spence Hotels Limited Aitken Spence Hotels signed the
agreement for an investment project to refurbish and upgrade Neptune
Hotel at Beruwala. The venture is an investment of over US $ 4 million.
Jugas Agro Dairies (Private) Limited An investment agreement for over
US $ 1.5 million was signed with Jugas Agro Dairies. The company will
set up a project to process milk for the local market in Chenkalady. The
project carried out under Accelerated Development Programme for Eastern
Province is for an investment of US $ 1.5 million. B F P Enterprises
(Private) Limited B F P Enterprises signed the agreement to establish a
project to process Banana Fibre into value added products for export.
The venture is an investment of over US $ 500,000. The project carried
out under Nipayum Sri Lanka 300 Enterprise Programme will be established
in Hambantota.
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