BOI signs 8 new agreements for a total investment of US $ 48 million creating 900 job opportunities

The Board of Investment of Sri Lanka granted investment approval for 8 ventures to commence operations under the BOI. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificates of Registration to the investors. The new ventures will invest US $ 48 million and will create 900 employment opportunities.

Haleys Business Solutions International (Private) Limited

Haleys Business Solutions International signed the agreement for a venture to provide IT enabled service to the local market. The venture located at Colombo is an investment of over US $ 800,000 providing employment for a workforce of 170.

Varun Beverages Lanka (Private) Limited

An investment agreement for a venture to establish an agro processing beverages for the local market was signed with Varun Beverages Lanka. The venture representing an investment of US $ 25 million is sponsored by Indian investor, North East Pure Drinks Limited. The manufacturing plant established in Embulgama, Ranala will create new employment opportunities for 420.

Tiesh By Lakmini (Private) Limited

Tiesh By Lakmini signed the agreement for investment project to manufacture hand made jewellery for the export market. The venture located in Colombo is an investment of over US $ 1.4 million. 

Larsen, A & CE Lanka (Private) Limited

Larsen, A & CE Lanka signed an investment agreement to set up a Business Process Outsourcing Center in Madinnagoda. The project representing an investment of over US $ 2 million is a joint venture between investors from Denmark and Sri Lanka. The company would be providing outsourced specialised architectural designing services. 50 New employment opportunities will be created with the establishment of the BPO center. 

Auston Institute of Management Ceylon Limited (Private) Limited

An investment agreement for over US $ 12 million was signed with Auston Institute of Management. The investment sponsored by Singapore based Auston Institute of Management will establish a training institute. 50 New employment opportunities will be created with the establishment of the training center.

S. S. C. K. Textile Exporters (Private) Limited

S. S. C. K. Textile Exporters signed the agreement for an investment project to export waste fabric, dusters and wipers. The venture established in Wattala is an investment of US $ 500,000. 

Nuwa Ice Plant (Private) Limited

An investment agreement for US $ 1 million was signed with Nuwa Ice Plant. The company will establish an ice manufacturing and fish processing plant in Dondra. With the establishment of the plant 50 new employment opportunities will be created.

Hotel River Park (Private) Limited

Hotel River Park signed the agreement to establish a Tourist Hotel at Matale. The hotel is an investment of over US $ 5.7 million. The project carried out under Nipayum Sri Lanka 300 Enterprise Programme.