The Board of Investment of Sri Lanka signed Agreements for 9 new projects on 13th December 2007. Mr. Dhammika Perera, Chairman/ Director General, signed the Agreement on behalf of the BOI and formally presented the investors with the BOI Certificates of Registrations.
The 9 agreements signed by the Board of Investment of Sri Lanka are for a total investment of estimated US $ 125.08 million (Rupees 13883.75 million).
United Telecom Lanka (Private) Limited
United Telecom signed an agreement to set up a project to undertake IT enabled services for the local market. The US $ 1.5 million venture will be sponsored by United Telecom Limited. The Indian investment is expected to generate 130 employment opportunities and will be located at Colombo 05.
San Spence Limited
The agreement signed with San Spence is to set up a regional operating headquarters. The project sponsored Aitken Spence & Company is an investment of US $ 250,000. The regional headquarters will be located at Mulleriyawa New Town.
MAS Research and Innovation (Private) Limited
MAS Research and Innovation, signed an agreement to develop solutions, design new products and samples for the Apparel Industry. This project is an investment of US $ 3 million. The venture sponsored by MAS Capital will be located at Biyagama Export Processing Zone.
Sunchemie Industries (Private) Limited
An agreement for a project to refine used oil for export was signed with Sunchemie Industries. The US $ 1.16 million venture will be sponsored by Indian Investors. The project is expected to generate around 30 employment opportunities.
Tea Craft (Private) Limited
Tea Craft, a project under Nipayum Sri Lanka 300 Enterprise Programme signed an agreement to cultivate and process tea for the export market. The venture is expected to generate employment for a work force of 75. The Rs. 28.2 million venture will be located at Akuressa. The project is expected to start in February 2008.
Provimi Vet Lanka (Private) Limited
An agreement to set up a project to manufacture animal feed additives and supplements for the export market was signed with Provimi Vet Lanka. The US $ 1 million investment is sponsored by Terragon Chemie Private Limited, India. The project which is expected to generate employment for around 20 will be located at Malabe.
Kalhari Enterprises (Private) Limited
An agreement to recycle rubber waste for export was signed with Kalhari Enterprises. The project is an investment of US $ 395,000. The project is expected to provide employment for 100. The project would be located at Mahara.
Dutch Bay Resorts (Private) Limited
Dutch Bay Resorts, a Project under Nipayum Sri Lanka 300 Enterprises Programme is a project to undertake a Project to set up a Tourist Resort at Kalpitiya. This is an investment from the Kingdom of Bahrain. The project expected to generate 425 employment opportunities is an investment of Rs. 13,000 million. The Tourist Resort will be located at Dutch Bay Area, Kalpitiya.
Central Park International Campus (Private) Limited
The agreement signed with Central Park International Campus is a project to set up a Higher Education Institute. The institute commenced lectures in January 2007. It will offer Degree Courses recognized in UK. The institute sponsored by CSR Holdings is an investment of US $ 400,000 .The institute located at Nawala is expected to generate employment for 100.
www.boi.lk
The 9 agreements signed by the Board of Investment of Sri Lanka are for a total investment of estimated US $ 125.08 million (Rupees 13883.75 million).
United Telecom Lanka (Private) Limited
United Telecom signed an agreement to set up a project to undertake IT enabled services for the local market. The US $ 1.5 million venture will be sponsored by United Telecom Limited. The Indian investment is expected to generate 130 employment opportunities and will be located at Colombo 05.
San Spence Limited
The agreement signed with San Spence is to set up a regional operating headquarters. The project sponsored Aitken Spence & Company is an investment of US $ 250,000. The regional headquarters will be located at Mulleriyawa New Town.
MAS Research and Innovation (Private) Limited
MAS Research and Innovation, signed an agreement to develop solutions, design new products and samples for the Apparel Industry. This project is an investment of US $ 3 million. The venture sponsored by MAS Capital will be located at Biyagama Export Processing Zone.
Sunchemie Industries (Private) Limited
An agreement for a project to refine used oil for export was signed with Sunchemie Industries. The US $ 1.16 million venture will be sponsored by Indian Investors. The project is expected to generate around 30 employment opportunities.
Tea Craft (Private) Limited
Tea Craft, a project under Nipayum Sri Lanka 300 Enterprise Programme signed an agreement to cultivate and process tea for the export market. The venture is expected to generate employment for a work force of 75. The Rs. 28.2 million venture will be located at Akuressa. The project is expected to start in February 2008.
Provimi Vet Lanka (Private) Limited
An agreement to set up a project to manufacture animal feed additives and supplements for the export market was signed with Provimi Vet Lanka. The US $ 1 million investment is sponsored by Terragon Chemie Private Limited, India. The project which is expected to generate employment for around 20 will be located at Malabe.
Kalhari Enterprises (Private) Limited
An agreement to recycle rubber waste for export was signed with Kalhari Enterprises. The project is an investment of US $ 395,000. The project is expected to provide employment for 100. The project would be located at Mahara.
Dutch Bay Resorts (Private) Limited
Dutch Bay Resorts, a Project under Nipayum Sri Lanka 300 Enterprises Programme is a project to undertake a Project to set up a Tourist Resort at Kalpitiya. This is an investment from the Kingdom of Bahrain. The project expected to generate 425 employment opportunities is an investment of Rs. 13,000 million. The Tourist Resort will be located at Dutch Bay Area, Kalpitiya.
Central Park International Campus (Private) Limited
The agreement signed with Central Park International Campus is a project to set up a Higher Education Institute. The institute commenced lectures in January 2007. It will offer Degree Courses recognized in UK. The institute sponsored by CSR Holdings is an investment of US $ 400,000 .The institute located at Nawala is expected to generate employment for 100.
www.boi.lk
