Sri Lanka sets up three production villages in southern province town of Dickwella
Sri Lanka’s State Minister of Samurdhi Shehan Semasinghe has reportedly initiated the construction of three production villages in the country’s Southern Province town of Dickwella.
Up to a maximum of Rs. 100,000, bank loans and technical advice will be provided to selected beneficiaries in these villages to enhance their industry, according to local media reports
A meeting was recently held with the Kottagoda-Suduwella beneficiaries at the Dickwella Pradeshiya Sabha auditorium.
Meanwhile, a manufacturing village for the pottery industry has also been inaugurated recently in the Mahiellewa village in the 435 Mahabellan Kadawala Division in the Thambuththegama Divisional Secretariat Division under the Saubhagya Production Villages Programme.
“We started providing pot sheds required for the pottery industry to 27 beneficiary families selected for that village.A sum of Rs. 2.7 million has been allocated for this purpose under the Saubhagya Production Villages Program,” the State Minister has been quoted as saying.
OSL take:
Sri Lanka is currently in the process of expanding it’s manufacturing and production sectors of the economy. With Sri Lanka fast becoming a business hub in the South Asian region given its geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country have placed more emphasis on the development and expansion of Sri Lanka’s production lines. This in turn has created a local as well as foreign demand to increase Sri Lanka’s manufacturing and production sectors. Given Sri Lanka’s bilateral and trade ties with foreign countries, the island’s manufacturing and production sectors pose an attractive business/investment opportunity.
| Article Code : | VBS/AT/09072021/Z_2 |