BOI Signs Agreements For 10 Projects Over Rs. 2 b

Sarath Amunugama handed the certificates to the investors.



The biggest project to be signed was by Equity Developers (Private) Limited who are to construct an apartment complex with an investment of Rs. 1 Billion. The project will be located at Colombo 02 and at Humbert Estate, Koratota.



Minister of Enterprise Development and Investment Promotion Dr Sarath Amunugama, hands over the BOI agreement to an Investor. Dhammika Perera, Chairman / Director General BOI also in the picture



Agreements were signed between Lords Glass (Pvt) Ltd and the BOI for a project to convert float glass into toughened glass. The cost of the project is estimated at Rs. 129 million and will be a Foreign Direct Investment (FDI) from India. The factory, which will be located in Wellampitiya, will generate over 120 employment opportunities and 80% of the products are targeted at the export market.



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