Govt. nod for 27 industrial projects; Rs. 4.5 b investment

The Government has approved land for 27 new industrial ventures planning an investment of Rs. 4.5 billion, with an estimated 2,477 direct employment opportunities being generated.

These selected ventures will be given land in 15 industrial estates on a 35-year lease. A decision to this effect was approved by the Cabinet of Ministers at its meeting this week.

The initiative is under the Government’s Regional Industrial Estate Program. It aims to stimulate regional level industrial development. The selection of appropriate investors for the program was done after a thorough evaluation by the ‘Regional Industrial Services Committee’ established under the Industrial Promotion Act No. 46 of 1990, and the ‘Ministry Project Evaluation Committee’ maintained under the Ministry of Industry, the Government added.