Sri Lanka’s Board of Investment on 5 December 2013 announced plans to start eight export processing and industrial zones across the country. These economic zones will begin operations in 2014.
As per the Investment Promotion Minister of Sri Lanka, Lakshman Yapa Abeywardana these zones will attract foreign investment and will provide economic development to the rural areas. The largest of the eight zones will be in Vavuniya in the North, which will revive the economic activities after the civil war.
The three of the economic zones will be at Hambantota in the south. The Government of Sri Lanka has invested heavily to develop the region as a commercial and industrial hub.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.