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.