ECONOMYNEXT – Sri Lanka’s efforts to attract more investments are being affected by a new threat, shortage of water, which has delayed plans for new factories by companies, the head of the island’s investment promotion agency said.
“Water has become a very challenging issue,” Board of Investment (BOI) chairman Dumindra Ratnayaka said.
“Even today we have challenges in existing industrial zones like Biyagama where we have a water shortage,” he told a forum on new initiatives by the BOI held by the investment promotion agency and Council for Business with Britain.
Ratnayaka said the state water supply board had agreed to give a certain amount of water for the industrial zone.
“But as time went by a whole town which developed around Biyagama started drawing water and now Biyagama is short of water,” Ratnayaka said.
”We had to delay three large investments from existing investors this year because we have a water shortage.”
The BOI was now looking to recycle the industrial zone’s water back into industries.
A BOI team had identified different zones – high water and low water consuming zones based on availability.
(COLOMBO, December 07, 2017)