Cabinet nod to allocate lands from regional industrial zones to set up factories

The Cabinet of Ministers at its meeting on Monday approved a proposal by Industries Minister Dr. Ramesh Pathirana to allocate State land from regional industrial zones for 16 investors to establish manufacturing plants. 

“Land from 16 industrial zones for 16 investors was selected under the Regional Industrial Zones Development Program,” Cabinet Co-Spokesman and Minister Bandula Gunawardena said at the post-Cabinet meeting media briefing yesterday. He said the State-land will be given on 35-year leases.

“The awards were recommended by the project evaluation committee in operation under the Regional Industrial Services Committee that has been established as per the provisions of the Industries Promotion Act No. 46 of 1990 and the Ministry of Industries,” a statement comprising weekly Cabinet Decisions by the Government Information Department noted.