The Government has allocated more than 800 acres of land for several foreign and local projects in the Hambantota District. Investment Promotion Minister Lakshman Yapa Abeywardena said the projects were aimed at attracting foreign investments in industries ranging from car assembling plants to glass and sugar factories. He said the main objective was to give [...]

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800 acres for huge projects in Hambantota

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The Government has allocated more than 800 acres of land for several foreign and local projects in the Hambantota District. Investment Promotion Minister Lakshman Yapa Abeywardena said the projects were aimed at attracting foreign investments in industries ranging from car assembling plants to glass and sugar factories.

He said the main objective was to give priority to projects complementary to the new Hambantota port. The minister said some foreign and local companies had already expressed willingness to invest in the projects for which land had been identified. Mr. Yapa said that 300 acres of land would be allocated for the setting up of three foreign universities and a local university. An Information Technology park would also be included.

Facilities for the business process outsourcing industry and banking services would also be provided.




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