Feb 24, Jaffna: The Indian government signed several agreements with Sri Lanka to revive the first industrial zone in Atchchuvely in Jaffna.
According to a release from the High Commission of India in Colombo, six contract documents were signed between High Commission of India, Colombo and four contractors at the premises of the Consulate General of India, Jaffna to fund the first Green Industrial Zone in the country.
Suresh Menon, Consul, Consul General of India on behalf of High Commission of India signed the contracts Sunday (24) with the respective contractors in the presence of High Commissioner of India, Ashok K Kantha, and Governor of Northern Province, G. A. Chandrasiri.
A ground-breaking ceremony, formally launching the construction work at the Atchchuvely Industrial Estate followed the signing ceremony.
Speaking on the occasion, the High Commissioner said livelihood generation is an area of challenge and Jaffna, which used to be the hub of 16 industries ranging from food processing, salt, specialized chemicals etc., employing over 3,000 workers, got completely damaged during the two decades of conflict.
India's objective is to help revive such industry and other small-scale industries, the High Commissioner said.
India will provide Rs. 200 million to fully fund the project to set up the industrial zone and it is expected to be completed by August 2013.
The Atchchuvely Industrial Estate in Jaffna would assist potential investors to commence business ventures by providing required infrastructure and utilities at the Industrial Zone.
The project will lead to flow of significant investments to increase production capacities in the sectors of textiles, plastic and leather products, food processing, agro-based industries, oil and fiber products, etc., and result in better utilization of local resources.
The Project, being implemented in cooperation with the Sri Lanka's Ministry of Traditional Industries and Small Enterprise Development, undertakes to construct access roads, internal roads, water supply system with treatment plant, power supply, sewerage and waste disposal system, etc., as part of the requisite infrastructure at the Estate.
Necessary technical expertise and project management services are being provided by the United Nations Office for Project Services (UNOPS).