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Tuesday, August 03, 2010 - 5.15 GMT

USAID assists North development

 
The U.S. Agency for International Development (USAID) recently forged four new business alliances with Sri Lankan private companies, under USAID's Public/Private Alliance (PPA) Program. These partnerships are expected to create 10,000 full-time jobs in northern Sri Lanka.

‘We are committed to helping conflict-affected communities return to normalcy through the creation of sustainable jobs and increased business opportunities,’ said USAID Mission Director Rebecca Cohn.

These four alliances are all with Sri Lankan private companies. USAID's investment of about Rs.1.1 billion is generating an additional Rs.2.9 billion investment from the private sector for a total investment of approximately Rs.4 billion in the construction, business process outsourcing, and apparel manufacturing sectors.

In April, USAID launched five new alliances in Northern and Eastern Sri Lanka, including aquaculture, horticulture, logistics and garment partnerships.




 
                   
 
   
   
   
   
   

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Last modified: August 03, 2010.

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