Tuesday September 25, 2018

Investors to get land in new Sri Lanka industrial estates

May 31, 2017 17:30 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - The Sri Lankan government has approved the allocation of land plots on 35-year leases for investors in new regional industrial estates around the island.

The government expects selected investors to invest about Rs1,617 billion to set up factories in the industrial estates, a statement said.

The lease rent to be charged is to be determined by the government’s Chief Assessor, according to a proposal by the Ministry of Industry and Commerce approved by the Cabinet of Ministers this week.

The proposal is to lease out 23 lands in industrial estates in Buttala, Nalanda (Matale), Nalanda Ellawala, Galigamuwa, Kalutara, Millawa, Minuwangoda, Mathugama, Dambadeniya, Nurana, Makandura (west), Dankotuwa, Udukawa, and Trincomalee.
(COLOMBO, May 31, 2017)


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