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.