Cabinet green-lights 10 investment projects worth Rs. 1.14 b

• Projects to get land in 6 industrial zones for 35 years 
• Govt. expects to generate 555 new jobs 

By Uditha Jayasinghe 

In an effort to improve investment, Cabinet has given approval for land to be allocated to 10 companies to invest Rs. 1.14 billion in six industrial zones across the country, which is expected to generate 555 new employment opportunities, a top official said yesterday. 

Cabinet Spokesman Keheliya Rambukwella told reporters that the Cabinet proposal presented by Commerce and Industry Minister Wimal Weerawansa was approved. Under the recommendations made by the project evaluation committee of the Ministry, land will be allocated for 10 project proposals. The names of the companies were not revealed by Minister Rambukwella. 

“Based on the recommendations of the regional industrial services committees land will be allocated for four projects in the Buttala Industrial Zone, two projects in the Laksha Uyana Industrial Zone and one each in the Industrial Zones of Nalanda Ellawala, Puttalam, Karandeniya and Bata-Atha,” the Minister added. 

Accordingly, the allocation of plots of land on the basis of rent for 35 years was approved by the Cabinet of Ministers.