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Monday, September 14, 2009 - 07.46 GMT |
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Flow of foreign
investment |
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The BOI
signed
agreements
for five
ventures
involving
investment
worth US
$ 11.75
million
from
five
companies
in
Korea,
Australia
and the
United
States.
The
agreements
are for
the
manufacture
of
aluminium
extrusions
for the
local
market,
trading
electronic
and
apparel
products
to
worldwide
markets,
modernize
the
existing
tea
production,
online
solution
to mange
media
content
on
social
networking
tools
and
trading
fast
moving
food and
personal
Care
Products
to
markets
in US.
An
investment
agreement
worth US
$ 10.93
million
was
signed
with
Ceykor
Aluminium
Industries
(Private)
Limited
to
manufacture
aluminium
extrusions
for the
local
market.
The
joint
venture
between
Sri
Lanka
and
Korea is
expected
to
create
employment
for an
initial
workforce
of 70.
Perstaff
Holdings
signed
an
agreement
to set
up an
Export
Trading
House at
Katunayake.
The
trading
house is
a joint
venture
between
Sri
Lankan
and
Australian
investors
for an
initial
investment
of US $
215,000.
The
venture
will be
engaged
in
trading
electronic
and
apparel
products
to
worldwide
markets.
An
agreement
for an
investment
of US $
151,000
was
signed
with
Nilmini
Estates
(Private)
Limited.
The
investment
is for a
project
to
modernize
the
existing
tea
estate
to
produce
organic
tea in
value
added
form for
export.
Pix
Software
signed
an
agreement
for a
project
to
develop
software.
It is a
joint
venture
between
investors
from Sri
Lanka
and USA
for an
investment
of US $
150,000.
It will
develop
an
online
solution
to
manage
media
content
on
social
networking
tools.
An
investment
agreement
worth US
$
300,000
was
signed
with
Sthira
Distribution
(Private)
Limited.
The
project
is to
set up
an
Export
Trading
House.
The
venture
will be
engaged
in
trading
fast
moving
consumer
goods (FMCG)
such as
Food
Products
and
Personal
Care
Products
to
markets
in US,
Europe
and
Australia.
The
Board of
Investment
of Sri
Lanka
Dhammika
Perera,
Chairman
/
Director
General
signed
the
agreements
on
behalf
of the
BOI and
formally
presented
the BOI
Certificate
of
Registration
to the
investors.
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