Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Indian company establishes US$ 220 million sugar refinery in Sri Lanka's southern investment zone
Fri, Nov 9, 2012, 12:54 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 08, Colombo: One of the largest sugar producers in the world, Shree Renuka Sugar Ltd of India has agreed to establish a sugar refinery in the Hambantota Port Investment Promotion Zone in Sri Lanka's Southern Province.

Shree Renuka Sugars Ltd., India, via its subsidiary Lanka Sugar Refinery Company (Private) Limited has signed the US$ 220 million deal with the Sri Lanka Ports Authority on Wednesday (November 07).

The business venture will import raw sugar for the refinement at the plant in Hambantota. Initially the plant will operate at a capacity of 2,000 tons per day which will be later increased to 3,000 tons per day.

The company is to utilize the local human resources to the maximum level and expects to engage 1,500-2,000 workers during the construction period.

Once completed the plant will directly employ nearly 300-350 people at various technical and commercial levels and nearly 1,000 others will benefit from indirect employment, the Government Information Department said.

The construction of the plant is expected to be completed within 2 years.

Chairman of Sri Lanka Ports Authority (SLPA) Dr. Priyath B. Wickrama and Executive Director of SLPA Dr. Sanjaya Sedara Senarath signed the agreement with the Directors of Lanka Sugar Refinery (Private) Limited Rajesh Rawat and William Dharmadas in the presence of Deputy Minister of Ports and Highways Rohitha Abeygunawardena.


ColomboPage - Recent 10 Stories
National Kite Festival of Sri Lanka gets off ground tomorrow in Negombo
-- [50 minutes ago]
Sri Lanka aiming for US$ 3 billion rubber industry next decade
-- [6 hours ago]
Sri Lanka main opposition party reinstates quarrelsome MP
-- [6 hours ago]
Tamil Nadu demands Sri Lanka to immediately release fishermen's boats
-- [7 hours ago]
Investment from Europe accounted for 20% of Sri Lanka's FDI last year
Sri Lankan Minister to speak on reconciliation in Houston
Sri Lankan court extends order suspending deportation of Pakistani refugees
Central Bank of Sri Lanka approves 29 consolidation plans of financial institutions
MP of Sri Lanka main opposition threatens to cross over to government
Sri Lankan court issues injunction against health workers' strike

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.