Press briefing of Cabinet Decision taken on 2021-09-27

Allocation of block of lands from Regional Industrial Estates for the establishment of Industries

- Regional Industrial Estates Development Programme is a main programme implemented with the objective of promoting industries at regional level. Selection of investors for the above purpose is carried out following a full assessment of project proposals by ‘Regional industrial Services Committee’ established under the Industries Promotion Act No. 40 of 1990 and the ‘Project Evaluation Committee of the Ministry’ appointed by the Secretary, Ministry of Industries. Accordingly, the above Committees having examined 24 project proposals, has recommended to allocate blocks of land from 10 Industrial estates for the implementation of those projects. The proposal made by the Minister of Industries to allocate land blocks to the relevant investors on long - term lease basis of 35 years, as per the recommendations of the above Committees, was approved by the Cabinet.