Sri Lanka invites proposals for phosphate value addition project
EconomyNext: Sri Lanka’s cabinet has approved calling for project proposals for a value addition project for rock phosphate mined by Lanka Phosphate (Ltd) under a public-private partnership, minister Nalinda Jayatissa said.
Expressions of interest from investors were called earlier, and 14 expressions of interest have been received, Jayatissa told reporters.
“The Cabinet approved the proposal to invite project proposals for the implementation of the proposed project from qualified investors selected after evaluating the expressions of interest.”
Lanka Phosphate Company Ltd is a state-owned enterprise which makes chemical fertilizer from a phosphate deposit in Sri Lanka’s Eppawala region.
OSL take:
Sri Lanka’s mineral sector is an untapped business/investment opportunity with great business potential and many lucrative business ventures. Apart from mineral mining, the export of minerals, especially through value addition, present many business/investment opportunities. The many trade agreements and trade concessions enjoyed by Sri Lanka with many foreign countries as well as the support extended by the Sri Lankan government to further expand the country’s mineral industry and related sectors are all encouraging factors for foreign businesses/investors to explore the expanding business/investment opportunities in the industry. Given the overall expansion in Sri Lanka’s economy and the increasing business conducive environment in the country, foreign businesses/investors could confidently explore the expanding business/investment opportunities in the country’s mineral industry and related sectors while also looking at expanding operations through local collaborations.
| Article Code : | VBS/AT/20260206/Z_4 |