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Friday, October 09, 2009 - 10.22 GMT |
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BOI promotes another Chinese - SL venture |
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The
Board of
Investment
of Sri
Lanka
granted
investment
approval
to
Flying
Star
Lighting
Limited
to
commence
operations
under
the BOI.
The
investment
agreement
is a
project
to
manufacture
incandescent
bulbs,
CFL
lamps
and bulb
holders
for
local
and
export
market.
The
company
is a
joint
venture
between
Sri
Lanka
and
China
for an
investment
of Rs.38
million.
The
venture
is in
the
process
of
construction
and
expects
to
commence
operations
within a
month.
Directors
of
Flying
Star
Lighting,
M.Z.
Munzir
and
Davod
Sagir
signed
the
agreement
on
behalf
of the
company.
Yao
Zhiqiang
was also
present
at the
occasion.
Dhammika
Perera,
Chairman
/
Director
General
signed
the
agreement
on
behalf
of the
BOI and
formally
presented
the BOI
Certificate
of
Registration
to Mr.
M. Z.
Munzir,
Director
of
Flying
Star
Lighting.
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