A French venture entered in to an agreement with the Board of Investment Sri Lanka (BOI) to set up a novel boutique hotel project in Sri Lanka recently.

Minister of Enterprise Development and Investment Promotion and Mass Media and Information Anura Priyadarshana Yapa, formally presented the investors with the BOI Certificate of Registrations.

This project was approved under the 300 Enterprises Programme which is one of the key programmes of the Mahinda Chinthana. This project can be defined as “responsible and sustainable tourism” which is the current world trend in the tourism sector.

The venture located at Madulkelle, is an investment of Rs.79 million and will create direct employment for 50.