Sri Lanka’s BOI to expand industrial zone in Mirigama to accommodate 31 more foreign invested factories
The Board of Investments (BOI) of Sri Lanka has reportedly said that it is expanding an industrial zone in Mirigama in order to accommodate 31 more foreign invested factories.
The Mirigama Export Industrial zone, which is 35 kilometres away from the main international airport in Katunayake, is on a 260.5 acre of land on which nine industries now occupy 50.69 acres.
The BOI has recently announced that the expansion will see 31 industrial slots being added in a 108 acre area.
According to the Board, the existing nine enterprises produce apparel, marble, granite, lead ingots, oleo resins and plant propagation products, employing 2,752 staff.
Another firm, Aussee Oats Milling Pvt. Ltd, manufactures rolled oats, steel cut oats, instant oats, quick oats, sweet and savory oats, oat flour, oat bran and muesli for export.
The zone has its own waste processing facilities.
OSL take:
Foreign investments to Sri Lanka are on the increase and the expansion of the BOI’s Mirigama export industrial zone to accommodate more foreign invested companies is indicative of the increasing confidence of foreign businesses in Sri Lanka’s economy. The BOI has several industrial zones island wide dedicated for foreign invested companies to set up factories in Sri Lanka. These zones also posses the necessary infrastructure facilities to set up an industrial operation. Foreign investors/businesses could explore the possibility of setting up operations in one of these industrial zones.
| Article Code : | VBS/AT/13082018/Z_3 |