Written by Amani Nilar
14 Oct, 2021 | 4:22 pm
COLOMBO (News 1st); A new special textile production zone of 400 acres was approved by the Committee on Public Finance chaired by MP Anura Priyadharshana Yapa recently.
According to the Parliamentary Media Unit, it was disclosed at the meeting that this will be implemented by the Board of Investment in coordination with the Ministry of Industry and Commerce to establish this special textile production zone in the Eravur, Batticaloa District for local and foreign textile manufacturers under the Strategic Development Act No. 14 of 2008.
Commenting in detail, the Director-General of the Board of Investment, Pasan Wanigasekara informed the Committee that two factories in Eravur have already expressed their willingness to start production of high-quality garments for the foreign market.
The Chairman of the Committee on Public Finance, Anura Priyadharshana Yapa, acknowledged the importance of such investment opportunities in view of the situation facing the country. However, this special textile manufacturing zone to be established in the Eravur area under the amendment was approved by the Committee as it is imperative that all textile manufacturers be given equal opportunities and tax relief.
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