Achchuveli Industrial zone to open mid 2012
Achchuveli Industrial zone which is being developed with the
financial assistance of Indian and Sri Lanka governments is to be opened
mid 2012 enabling small and medium enterprises to better tap the post
war opportunities in the country.
Total investment towards the development of the Achchuveli Industrial
Zone is estimated to be Rs 199 million, of which Rs 174 million will
come as an Indian government grant and the balance Rs 25 million will be
injected by the Sri Lankan government.
A total of 65 acres of land will come under the entire project and
out of that 25 acres of land will be developed after conducting water
and soil testing.
Presently, administration buildings are also being built at the site,
Traditional Industries and Small Enterprise Development Ministry
Secretary V Sivagnanasothy said.
A Traditional Industries and Small Enterprise Development Ministry
official said the Palmyrah Research Institute will be set up in Kaithadi
with Rs 91 million of which the Indian government will bear 70 percent
of the project cost. In addition, a fish net factory is to be set up in
Gurunagar with Rs 152 million Indian government financial assistance.