Sri Lanka to set up 8 economic zones across country

Sri Lanka’s Board of Investment has announced plans to start eight export processing and industrial zones across the country.

Created On: Dec 7, 2013 09:38 ISTModified On: Dec 21, 2013 13:43 IST

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.

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