| Three foreign companies, including an Indian sugar manufacturer, will set up factories at an economic zone in southern Sri Lanka that is centred around a USD 361 million China-funded harbour, a top official said there Thursday. |
| The Indian sugar company, a Singaporean petro-chemical plant and a Pakistani cement grinding factory are expected to begin building their factories this month, said Sri Lanka Ports Authority Chairman Priyath Bandu Wickrama. Since the end of Sri Lanka's three-decade-long conflict, the government has invested over $6 billion in infrastructure development. SHERATON Group of USA is to invest in a luxury hotel and mixed development project in Colombo. The government has approved the US dollar 300 million FDI and a land extent of 5 acre in the close proximity of Military headquarters, Colombo on a 99 year long lease for the project, the government information department said today. |
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