The Board of Investment of Sri Lanka (BOI) has granted investment approval for 8 ventures which will invest US $ 20 million and will create 500 employment opportunities to commence operations under the BOI.

Under this, Nilwala Vidulibala Company signed the agreement for a venture to establish a mini hydro plant at Morawaka.

An investment agreement for a venture to establish a 25-Room Hotel in Vavuniya was signed with Thampa Tourist Hotel and Inn.

Stafford Hotels signed the agreement for investment project a refurbish and upgrade Club Dolphin at Waikkala.

Bogo Power signed an investment agreement to set up a 4,000 kw mini hydro power plant at Kirkoswald Estate, Norwood.

An investment agreement for over US $ 500,000 was signed with Hambantota Trading Company. The company will set up an export trading house in Koggala Export Processing Zone.

Aitken Spence Hotels signed the agreement for an investment project to refurbish and upgrade Neptune Hotel at Beruwala.

An investment agreement of Rs. 1 million was signed with Jugas Agro Dairies. The company will set up a project to process milk for the local market in Chenkalady. The project is carried out under Accelerated Development Programme for Eastern Province

B F P Enterprises signed the agreement to establish a project to process Banana Fibre into value added products for export. The project carried out under Nipayum Sri Lanka 300 Enterprise Programme will be established in Hambantota.