Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Foreign private university to be established in Sri Lanka
Mon, Feb 11, 2013, 09:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A foreign private university is to be set up in Sri Lanka's Gampaha District under the investment promotion agency, Board of Investment (BOI).

The University of Central Lancashire (UCLan) is to set up a branch university in a 120-acre land taken out on a 99-year lease at the Meerigama Export Processing Zone.

The total investment of the project is to be around US$ 100 million (around Rs.12 billion).

The agreement with the BOI had been signed by the university's Sri Lanka partner, UCLan Lanka (Private) Limited.

The agreement permits the Investment Promotion Ministry to grant a 15-year corporate income tax holiday after commercial operations begin and after this period, it will get a concessionary tax rate of 25 per cent for ten years.

Meanwhile, university students unions have expressed their objections to the move to establish a foreign private university.



ColomboPage - Recent 10 Stories
Sri Lanka landslide: UN saddened by the human loss
-- [4 hours ago]
Sri Lankan President instructs officials to get the EU ban on fish exports removed
-- [5 hours ago]
India will appeal Sri Lankan court's death sentence to five Tamil Nadu drug smugglers
-- [6 hours ago]
United States to assist Sri Lanka in landslide rescue and relief efforts
Commonwealth Secretary-General conveys his solidarity and condolences to Sri Lanka
Tamil Nadu CM condemns Sri Lankan court's 'unjust' conviction, says evidence fabricated
Sri Lankan court sentences 5 Indian and 3 Sri Lankan fishermen to death for heroin trafficking
Sri Lanka's Opposition Leader to visit landslide affected people tomorrow
Sri Lanka Appellate Court rejects the petition against Tamil National Alliance
Ministry of Health to conduct a census on Sri Lanka's psychiatric patients

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.