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* India-assisted industrial park in former Sri Lanka war zone to attract potential local and foreign investors
Wed, Aug 27, 2014, 05:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 27, Jaffna: The first stage of the Atchchuvely Industrial Estate in Jaffna, the first industrial zone in former war zone in Sri Lanka's Northern Province was inaugurated today by the Minister of Economic Development of Sri Lanka Basil Rajapaksa and the High Commissioner of India Mr. Y.K. Sinha.

Minister of Traditional Industries and Small Enterprise Development Douglas Devananda Governor of Northern Province G.A. Chandrasiri, Chief Minister C.V. Wigneswaran and Mayor of Jaffna Yogeswary Patkunarajah also attended the function.

The Atchchuvely Industrial Complex in Jaffna, the first Green Industrial Zone in the country, was reconstructed under the Northern Spring (Uthuru Wasanthaya) programme based on the Mahinda Chintana policy to re-open industries which had been shut down due to the war.

The Estate has been set up through grant assistance of Rs. 220 million by Government of India, and was implemented successfully with the cooperation of the Ministry of Traditional Industries and Small Enterprise Development of Sri Lanka, the High Commission said in a release.

The Industrial Estate is expected to attract potential investors, from within and outside Sri Lanka, by providing suitable infrastructure and amenities.

The infrastructure includes boundary wall, internal road network, service buildings, water supply system with treatment plant, power supply and external electrical work with street lighting, sewerage, waste water disposal system, fire protection system, and landscaping.

In Phase I of the Project, 25 acres of land have been developed, which will facilitate setting up of 22 industrial units and provide employment opportunities for approximately 2,000 persons directly and to approximately 10,000 persons indirectly.

Overall, the Industrial Estate will help serve as a platform for industrial development of the region, for regeneration of livelihood in Northern Province and for optimal utilization of local resources.

The targeted sectors for investment in the Industrial Estate include textiles, plastic and leather products, oil and fiber products, food processing units, and agro-based industries.

Once the Northern Railway Project being executed with Indian assistance rehabilitates the rail link up to Jaffna by September 2014, access to the Industrial Estate would be enhanced, thus, providing further stimulus to the business activities therein.

Necessary technical expertise and project management services were provided by the UNOPS. The Industrial Development Board of Sri Lanka will henceforth manage the Estate.

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