Chinese Investment Zone to be set up in Mirigama
The Bureau of Investment has allocated 160 acres in Mirigama in the
Gampaha District for an Investment Zone for Chinese investors, on a
directive of Enterprise Development and Investment Promotion Minister
Dr. Sarath Amunugama.
This follows discussions with Minister Dr. Amunugama had with Chinese
Ambassador Ye Dabo at the Ministry Office at the World Trade Centre
Colombo on Thursday.
The Enterprise Development and Investment Promotion Ministry said
nearly 100 Chinese investors are due to set up large scale industries in
the proposed zone. Already 40 investors have agreed to set up industries
in this zone.
These industries will provide employment opportunities for a large
number of people. During the talks Dr. Amunugama promised maximum
possible tax and other incentives under the country’s existing laws and
regulations to the Chinese investors setting up industries here.
At the request of Dr. Amunugama the Chinese Government agreed to
provide Rs. 1,000 million needed for the development of infrastrutive
facilities in the zone. The long-standing friendship and bilateral
economic relations between the two countries were highlighted by the
Chinese ambassador during the talks.
The Ambassador said China was always ready to extend its hand of
friendship to Sri Lanka. Several BOI and Chinese Embassy officials were
present at the talks.