28 March 2011

Achchuveli Industrial Zone in Jaffna Attracts Over 30 Investors. Work to be Complete by End 2011

28th March 2011, www.dailynews.lk, By Charumini de Silva

The initial work of the Achchuveli Industrial Estate in Jaffna has begun recently. There is an impressive progress in the industrial estate. The Army is helping in clearing the 65 acres of land while removing mines that were planted during the time of conflict.

Traditional Industries and Small Enterprise Development Ministry Secretary P Sivagnanasothy said the initial work and infrastructure developments are taking place at a rapid phase.

The Ministry expects the infrastructure development to be completed by the end of the year. He said over 30 investors were keen on investing in the Achchuveli industrial estate. There were over 10 investors that have invested in the estate before the conflict and there is a good number of new investors as well.

Garment giants mainly the Board of Investment (BOI) approved companies have shown their eagerness in investing in the industrial estate.

However, the Ministry has not yet decided on the companies. Administrative work of the buildings are being done by the National Building Research Organization (NBRO). The initial environmental examinations and surveying have been already completed.

The Ministry will utilize the Indian grant of Rs 235 million in infrastructure development in the Achchuveli industrial zone. The steering committee along with Traditional Industries and Small Enterprise Development Ministry, the India Government and the External Resources Department has appointed UNOPS as the project managers for water supply, electricity and road development.

The total investment of the infrastructure development is around Rs 280 million out of that which the Sri Lankan Government has invested Rs 45 million.

Related Info :

Jaffna International Trade Fair 2011 Draws Large Crowds

Sangupiddy Bridge Connecting Jaffna and Pooneryn Opened by President Mahinda Rajapaksa

FCCISL Investor Forum Opens Doors for Investment in Jaffna

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