State Min. Senasinghe says govt will commence 45 new investment zones

State Min. Senasinghe says govt will commence 45 new investment zones

State Min. Senasinghe says govt will commence 45 new investment zones

Written by Tharushan Fernando

15 Oct, 2015 | 9:55 pm

Sujeewa Senasinghe, the State Minister of International Trade says that the Government had taken a decision to commence 45 investment zones in the country. The minister that measures will also be taken to upgrade the facilities at the existing investment zones.

State Minister Sujeewa Senasinghe visited the Koggala Investment Promotion Zone and met with the investors and discussed the issues they face.

The State Minister of International Trade said:

The Mattala Airport and the Hambantota Harbour are projects that do not give us a revenue. However, we need to transform them in to projects that will provide us with a revenue and we are paying 1200 billion rupees in loans and interest annually. This is done without earning a revenue. Therefore we need projects that will provide us with a revenue.

He added:

A separate project has been initiated and we believe that we will receive the GSP plus concessions soon and we hope to reach a Free Trade Agreement with China as well

The State Minister also toured the Investment Promotion Zone and looked in to its infrastructure facilities.

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