Press briefing of Cabinet Decision taken on 2021-02-08

Allocation of land blocks from the Regional Industrial Estates to set up Industries

- The Regional Industrial Services Committee and the Project Evaluation Committee of the Ministry of Industries have recommended the allocation of land blocks from 08 Industrial Estates for 22 investors, subject to a lease period of 35 years, under the Regional Industrial Estates Development Programme implemented by the Ministry of Industries. Those investors are to invest Rs.24,047.85 million and US$ 3 million for the said projects and it has been estimated that 3,326 direct employment opportunities will be generated from these projects. As such, the proposal made by the Minister of Industries, to allocate the said land blocks for the investors subject to the relevant conditions, was approved by the Cabinet.