- Government will invest Rs. 3.5 billion to provide infrastructure to set up the Industrial Park in Millaniya, Kalutara
- This would be then offered to Rojana Industrial Park Public Limited of Thailand
Sri Lanka will set up a 150-acre
industrial park in Millaniya, Kalutara at a cost of 3.5 billion rupees with a
company from Thailand, the State Minister of International Trade Sujeewa Senasinghe
said. The Government will invest Rs. 3.5 billion to provide infrastructure to
set up the Industrial Park in Millaniya, Kalutara. This would be then offered
to Rojana Industrial Park Public Limited of Thailand.
This Park to be built on a rubber
estate belonging to the Horana Plantations would be ready by 2018 December
covering an area of 150 acres. “We are in the process of acquiring land for the
project and also talking with CEB, Water Board and the Road Developed Authority
to get water and electricity to the venue. Normally it takes about five years
to get all the approvals and build the infrastructure which we hope to do in
one year,” he said. A letter of intent to set up an Industrial Park was signed
at the the Board of Investment, yesterday.
“Under the phase one we expect an
investment in the excess of US$ 500 million. The existing parks are almost full
and Sri Lanka has not had any new industrial parks developed after the early
2000s. To bring in investors we need parks of this nature,” Senasinghe said.
“We have set up factories with
them and we will talk with them to set up their operations in this Park. We aim
to draw investors making electronic home appliances like television sets
initially and later get auto parts manufacturers. We will also market some of
these products locally. The minimum labour wage in Sri Lanka too is still
workable for foreign investors,” he remarked.
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