New plant to generate 100 jobs

by Naalir Jamaldeen

Sri Lanka is becoming a regional hub in aviation, shipping, telecommunication, business, knowledge and tourism, as envisaged by President Mahinda Rajapaksa, Investment Promotion Minister Lakshman Yapa Abeywardane said. Those who invested in the country in the most difficult years should be honoured, he said.

Minister Abeywardane who was speaking after opening Kramski Lanka (Pvt) Ltd., a new factory in the Katunayaka Export Processing Zone said the new plant will double production while generating 100 employment opportunities.

The Chairman of the company Wiestaw Kramski started operations in Sri Lanka two decades ago at a time when many investors refrained from investing. Hence the decision to invest at that time should be commended, Abeywardane said.

He said the Provincial Council elections proved that peace had been restored in the country with new investments.

"Sri Lanka is a peaceful country with plenty of investment opportunities. I am optimistic about the potential for high-tech manufacturing since Lanka has its skilled engineers and many young people who can be trained in these fields", the Minister said.