Thursday, 20 June 2013 01:05
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Ten proposals from Chinese companies have been handed over to the Investment Promotion Ministry, an official said yesterday.
Investment Promotions Minister Lakshman Yapa Abeywardana responding to questions noted that the proposals were to set up factories in areas such as Suriyaweva and Sampur.
The proposals include a steel factory, IT Park and assembling motor vehicles.
“One proposal was to produce herbal beauty products but most of them are for smaller ventures of around US$ 25-50 million,” he added.
The Sampur investment zone received Cabinet approval over the weekend.
Abeywardana rejected concerns that disputes over the 13th Amendment would hamper Indo-Lanka investment opportunities stressing that political issues would not infringe on business decisions.
