July 03, Colombo: The Board of directors at the Lee Hedges PLC, have proposed investing in two projects in Sri Lanka's conflict-affected Northern Province.
The property development and investment firm in a stock market disclosure announced that it will invest in setting up of an apparel training center in Jaffna and an agriculture project in Vavuniya as Corporate Social Responsibility (CSR) projects.
The firm will invest Rs. 62 million to set up an Apparel Training Center in Jaffna as a "Social Responsibility Project" to uplift the life of the community in the Northern Province by providing training in apparel sector for better employment.
The project is intended to train young adults who are presently unemployed in Jaffna to learn skills related to apparel industry and thereafter employ them in a production of garments for local and foreign export market.
The company will invest approximately Rs. 10.8 million in the second project to set up a "Social Responsibility Project" in the agricultural industry. The project will develop the agricultural land in Vavuniya for the cultivation of Red Lady papaya and Cavendish bananas to create employment in Vavuniya.