The Board Of Investment of Sri Lanka (BOI) Signed Agreements For 10 New Projects Worth Over Rs. 2 Billion Last Week

Chairman/Director General of the BOI Dhammika Perera signed the agreements on behalf of the Board and Minister of Enterprise Development and Investment Promotion Dr.

Sarath Amunugama handed the certificates to the investors.

The biggest project to be signed was by Equity Developers (Private) Limited who are to construct an apartment complex with an investment of Rs. 1 Billion. The project will be located at Colombo 02 and at Humbert Estate, Koratota.

Agreements were signed between Lords Glass (Pvt) Ltd and the BOI for a project to convert float glass into toughened glass. The cost of the project is estimated at Rs. 129 million and will be a Foreign Direct Investment (FDI) from India. The factory, which will be located in Wellampitiya, will generate over 120 employment opportunities and 80% of the products are targeted at the export market.

MII Colombo (Pvt) Ltd signed an agreement with the BOI for a project to construct an apartment complex in Colombo 05. The project will cost approximately Rs. 256 million and will have 64 employees at capacity.

The BOI entered into an agreement with St. Peter's Hospitals Lanka Limited to establish a hospital at Ragama with an investment of over Rs. 95 million. This hospital will provide employment opportunities for 86 local employees.

Read the entire story on the source link below.

600450 The Board Of Investment of Sri Lanka (BOI) Signed Agreements For 10 New Projects Worth Over Rs. 2 Billion Last Week
Date: 31 May 2007

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