The government would promote land allocations for investments worth over Rs. 24 billion in regional industrial zones in an attempt to bring factories to the provinces.
The Cabinet approved a proposal submitted by the Ministry of Industry to assign land plots to 22 investors from eight industrial zones on a 35-year lease basis under the Ministry’s Regional Investment Zones (RIZ) Development Program.
The Cabinet nod follows the recommendations of the Ministries’ Regional Industrial Services Committees’ project assessment committee, 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 Rs. 24,047.85 million and $ 3 million in these projects, while it has been estimated that 3,326 direct employment opportunities will also be generated from these projects,” Rambukwella added.
– Daily FT