|
|
|
Tuesday, March 18, 2008 - 05.58 GMT |
|
|
Back |
|
BOI Signs 7 new agreements worth Rs. 717m |
|
|
|
|
The Board of Investment of Sri Lanka signed
agreements for 7 new projects with a total
investment of Rs. 717 million, a BOI press release
said. These projects cover a range of sectors and
will be generating 650 new employment opportunities.
Euro Motor Corporation (Private) Limited
Euro Motor Corporation is a project to manufacture
spare parts and assemble brand new automotive
vehicles for the local market. The project sponsored
by Auto Ranch Motors of United Arab Emirates is an
initial investment of Rs. 300 million. The venture
located at Moranthuduwa is expected to provide 210
employment opportunities.
Bon Bridge Holiday Resorts and Villas (Private)
Limited
The agreement signed with Bon Bridge Holiday Resorts
and Villas is for a project to set up a Boutique
Hotel in Matara. The Boutique Hotel is an investment
of Rs 78 million. The venture is expected to provide
employment for a workforce of 100 and will be
located at Matara Fort.
United Lanka Farmers Produce (Private) Limited
United Lanka Farmers Produce signed an agreement to
set up a high tech rice mill to produce rice in
Ampara. The venture is expected to provide
employment for an initial workforce of 50.
R S Products (Private) Limited
An agreement to manufacture value added Graphite
Products and Sprinklers for the export market was
signed with R S Products. The project will be
located at Wehera Village, Matale. The venture is an
investment of Rs. 25 million. The company will
manufacture Graphite based products such as Carbon
Brushes and Carbon Fibre used for Formula 1 Race
Cars.
Natech Labels and Systems (Private) Limited
Natech Labels and Systems is a project to
manufacture barcode labels for indirect export. The
project is an investment of Rs. 30 million. The
venture is expected to provide 20 employment
opportunities. The project is a joint venture with
investors from Singapore.
Horizon College of Business and Technology
(Private) Limited
The agreement signed with Horizon College of
Business and Technology is for a project to set up
an Institute to provide education in Information
Technology. This is an investment of Rs. 200 million
between Sri Lankan investors and investors from
Singapore. The institute targets in providing
education for the Sri Lankan youth as well as
students from Maldives, Singapore and Malaysia. The
venture is expected to provide employment for a
workforce of 120. The In-house Campus will be
located at IT Park, Malabe.
Eastern International Academy (Private) Limited
Eastern International Academy signed an agreement
for a project to set up an Institute to provide
training in Information Technology, Business
Studies, Advanced English and Vocational Training at
Ampara. This is an investment of Rs. 40 million
sponsored by the Daya Group. The institute targets
in providing education for the youth in Ampara.
|
|
|
|
|
|
| |
|
 |
 |
^ |
|
|
|
|
|
|
|
|
