BOI Signs Agreements For 10 Projects Over Rs. 2 b

Date: 5 June 2007

The Board of Investment of Sri Lanka (BOI) signed agreements for 10 new projects worth over Rs. 2 billion last week. Chairman/Director General of the BOI Dhammika Perera signed the agreements on behalf of the Board and Minister of Enterprise Development and Investment Promotion Dr.

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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