BOI investments exceed Rs 250 m this year
Direct investments received by the Board of Investment (BOI) for the
first three months of this year amounted to US $ 250 million. The total
investments for 2009 was US$ 602 million. The Horana Export Processing
Zone has been able to attract direct investments of US $ 57.15 million
with the establishment of nine new companies.
Investors with BOI Chairman Dhammika
Perera. Picture by Saliya Rupasinghe
It is expected that the companies will generate 1,221 employment
opportunities at the Horana Export Processing Zone (HEPZ), Board of
Investment (BOI) Chairman, Dhammika Perera said.
“The BOI targets US $ 5 billion worth Foreign Direct Investments(FDI)
for the next six years and expects to generate 80,000 new employment
opportunities,” Perera said.
The HEPZ which is in the Kalutara district commenced operations in
November 1999; it is located 50 kilometres from Colombo on a land area
of 385 acres.
The HEPZ is equipped with a complete road network, power supply,
treated water supply, telecom facilities, water treatment plants, waste
water treatment plant and security services.
Eleven companies have started their commercial operations at HEPZ
with a total investment of US $ 54 million.
These enterprises provide employment to 1,623 workers at present.
These enterprises are involved in the manufacture of garment
accessories, essential oil, plastishell products, non ferrous metal
recycling, MDF boards, electric power generators and glassware.
“The investors for the zone are from various countries including Sri
Lanka, India, Malaysia and three joint venture companies consisting of
India/Singapore, Finland/India/Sri Lanka and India/Sri Lanka,” Perera
The utilized industrial area out of the total industrial area is
about 82.4 acres, only 27.96 acres is vacant at present.