China wants 15,000 acres in southern Sri Lanka

ECONOMYNEXT – China has asked for 15,000 acres or 60 square kilometres of land in southern Sri Lanka for its investors, Minister of Development Strategies and International Trade Malik Samarawickrama.

"We are having talks with the Chinese who want to set up industries in the southern province,” he told a news conference.

A Chinese delegation is due in the island next week to start talks on a Free Trade Agreement (FTA).

"They have asked for 15,000 acres or 60 square kilometres of land. We’re now discussing how to find the land. It will be in different locations. Through these industries alone we can create about a million jobs,” Samarawickrama said.

The government has also invited Indian businesses to set up pharmaceuticals and auto spares manufacturing plants in the island, he said.

"We are even looking at giving them special industrial zones for re-export." (COLOMBO, July 27, 2016)

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