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Thursday, May 06, 2010 - 9.00 GMT

More investment approvals from BOI

 
The Board of Investment of Sri Lanka granted investment approval for 2 ventures to commence operations under the BOI.

Emmaus Industries (Private) Limited signed the agreement for a venture to manufacture footwear for the export market. The venture will manufacture comfort shoes for Ladies. The comfort shoes are supplied to well known brands in the European Union and USA. The joint venture between Italy and Sri Lanka represents an investment of over US $ 650,000. The manufacturing plant established in the Industrial Estate, Dankotuwa is expected to provide employment for a work force of 220.

Habarana Lodge (Private) Limited signed an investment agreement to refurbish and upgrade the Cinnamon Lodge Hotel at Habarana.

The refurbishment project is an investment of US $ 2.5 million. The 140 room hotel of the John Keells Holdings will be upgraded to a 5 star rated hotel. The hotel is expected to attract more guests with the boom in the tourism industry.
 

 
                 

 
 
   
   
   
   
   

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Last modified: May 07, 2010.

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