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Government to allocate lands for 22 investors worth LKR 24 billion

In an effort to take factories to the provinces, the government will facilitate land allocations for investments worth over LKR 24 billion in regional industrial zones.

Cabinet has approved a proposal submitted by the Industries Ministry to allocate land plots from eight industrial zones on a 35-year lease basis to 22 investors under the Regional Investment Zones (RIZ) Development Programme implemented by the Ministry.

The Cabinet nod comes following recommendations by the project evaluation committee of the Ministries Regional Industrial Services Committees, the Cabinet Office said in a press release.

According to Cabinet Spokesperson Keheliya Rambukwella, the aim is to generate some 3,300 jobs which the new industries will bring.

“Investors are to invest LKR 24,047.85 million in these projects while it has been estimated that 3,326 direct employment opportunities will also be generated," Rambukwella adde

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