Investors eye Mannar, Matugama industrial trade zones
Over Rs 1 b investment proposals before opening:
The ongoing Industrial Estates in Mannar and
Matugama were able to attract over Rs 1 billion in investment
proposals before the commencement of these estates. An official of
the Industry and Commerce Ministry’s Regional Industrial Development
Division said there are five investment proposals for the Matugama
Industrial Estate and these investment proposals are in chemical
manufacturing, automobile parts manufacturing and roofing products
More R&D into apparel sector needed
The local apparel industry authorities emphasize
the importance of adopting top-notch industrial research and
development activities to build enhanced technological capabilities
to be competitive globally.
Bourse begins in negative territory
Colombo stocks ended in a negative territory
with both benchmark indices recording substantial losses yesterday.
ASI lost 45.06 points (-0.62 percent) to close at 7,186.86 while
liquid MPI closed at 6,714.82, a dip of 61.06 points (-0.9 percent).