New solid waste disposal system for Sri Lanka export zone
May 18, 2018 16:31 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s investment promotion agency, the Board of Investment, plans to introduce a new solid waste disposal system at the Biyagama Export Processing Zone, one of the first in the island, now operating at full capacity.
The zone has total area of 450 acres, and hosts 57 enterprises employing 25,661 people, with over half being apparel and rubber products manufacturers.
One of the challenges that the zone faces today is how to dispose of the solid waste in a sustainable way and steps are being taken to introduce a new system in June 2018, the BOI said in a statement.
Timothy Speldewinde, chief executive of Stretchline Holdings Limited, which has been at the BEPZ for 22 years, said they would like to see the matter of solid waste addressed by converting it to valuable energy.
The BOI statement, issued to mark a visit by Malik Samarawickrama, Minister of Development Strategies and International Trade, said efforts have been made to reduce traffic congestion at the BEPZ. About 10,000 vehicles enter the zone daily.
“The BEPZ is a significant contributor to the national economy with an export value estimated at Rs134 billion (US$849 million) and importing Rs58 billion (US$368 million) worth of raw materials,” the BOI said.
Many leading enterprises are located at the BEPZ including Ansell,Trelleborg, De La Rue, MAS, and Noyon.
(COLOMBO, May 18, 2018)