New industrial estate to be set up in Katunayake

News

Cabinet has given the go-ahead to set up a new industrial estate in Katunayake.

The Government Information Department stated that the Cabinet has granted approval to a proposal by the Minister of Industries to set up a new industrial estate using 100 acres of government land named Kaludiyawala in the Katana Divisional Secretariat Division. The estate will facilitate the commencement of industries such as rubber, plastics, pharmaceutical and allied products, electrical and electronic appliances, packaging, value added agro products and recycling industries with a focus on apparel and allied products.

It was further stated that there is need for a new industrial estate as all the other eight industrial estates in the Western Province are currently operating at full capacity.

The Government states that more than 150 investors had requested the Ministry of Industries to provide them an opportunity to set up businesses in the Western Province. It claimed that the Ministry has confirmed that this could generate an investment of around Rs 30, 000 million and 11, 500 job opportunities.

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