New BOI administration building opened at Horana Export Processing Zone

The BOI’s Horana Export Processing Zone ceremonially opened a new administrative building recently. A total cost of Rs.46 million was spent to construct this fully furnished building. Sanjaya Mohottala, Director General of the Board of Investment was the Chief Guest at this occasion. The event was attended by a large number of investors, Government officials and the Senior BOI officials, the BOI said in a media release.

Mr. Mohottala, Director General BOI stated that: “Our biggest challenge is to maintain the GDP rate at 6 per cent for next 10 years. The main role of the BOI is to uplift the economy of the country while attracting Foreign Direct Investment. We need to provide the necessary infrastructure facilities for the investors. Further healthy investment climate should be created in the country. We have to be more proactive instead of reactive.” 

H.D.De Silva Chairman of HDDS (Pvt) Ltd, M.K.D. Lawrence, Executive Director, BOI and Sujeewa Thilakumara , Senior Deputy Director BOI also spoke at the occasion.

Horana Export processing Zone was established in 1999 on a land of 390 acres of which 181 acres are industrial land. The infrastructure facilities at the zone include water, the processing of wast water and electricity, making it attractive to investors.

The zone’s enterprises have a significant impact on the local economy as they provide direct employment of 3375 people and the indirect employment would be doubled. The Horana EPZ promotes the Government’s objective to develop regional industrialization. The total export revenue of the zone was Rs. 8632 million in the year 2019.

There are 21 enterprises in commercial operation at the Horana EPZ involved in the manufacture of Apparel and accessories, Food, Wooden, Consumer, Steel and Aluminum and Plastic products.  

Above: The new administration building of the Horana EPZ.