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Monday, March 28, 2011 - 10.24 GMT |
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Achchuveli
Industrial Estate by year end |
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The initial work of the Achchuveli Industrial Estate in Jaffna began recently by the Traditional Industries and Small Enterprise Development Ministry, making an impressive progress in the industrial estate.
The Ministry expects the infrastructure development to be completed by the end of the year, said Secretary of the Ministry P Sivagnanasothy.
“Over 30 investors were keen on investing in the Achchuveli industrial estate. There were over 10 investors that have invested in the estate before the conflict and there are a good number of new investors as well”, he added.
The Army is helping in clearing the 65 acres of land while removing mines that were planted during the time of conflict.
Garment giants mainly the Board of Investment (BOI) approved companies have shown their eagerness in investing in the industrial estate.
The Ministry will utilize the Indian grant of Rs.235 million in infrastructure development in the Achchuveli industrial zone. The steering committee along with Traditional Industries and Small Enterprise Development Ministry, the India Government and the External Resources Department has appointed UNOPS as the project managers for water supply, electricity and road development.
The total investment of the infrastructure development is around Rs.280 million out of that which the Sri Lankan Government has invested Rs.45 million.
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