Friday Nov 15, 2024
Friday Nov 15, 2024
Wednesday, 24 February 2021 00:30 - - {{hitsCtrl.values.hits}}
Cabinet approval was given this week to expand the Kalutara Industrial Zone by 1.9 hectares to accommodate more investors.
The Cabinet paper submitted by Industries Minister Wimal Weerawansa was approved to expand the 50 acre zone by another 1.9 hectares by utilising State land adjacent to the current site, Cabinet spokesman Keheliya Rambukwella said yesterday. The zone, which is called the Fullerton Estate is in the Kalutara Divisional Secretariat and already has 33 investors carrying out commercial operations. These investors have invested Rs. 837 million and provided 775 employment opportunities.
“However, there is no space in any of the eight investment zones in the Western Province to provide space for new investors keen to begin operations. So, it has been decided to expand the Kalutara industrial zone and provide land to new investors after necessary infrastructure improvements are made,” Rambukwella said.
