Lankapage Logo CP 17 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan Premier seeks support from all parties to create employment for youth
Thu, Jan 5, 2017, 11:16 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 05, Colombo: Stressing the importance of job creation, especially for the youth, Sri Lanka's Prime Minister Ranil Wickremesinghe said the current unity government's goal is to create a country nurtured with jobs for young men and women by the year 2020 and urged all parties to support the initiative and help the country.

The Prime Minister made this request launching the construction work on the country's largest rubber factory in the Wagawatte area of Horana.

Construction work on the new tire factory by Rigid Tyre Corporation (Pvt.) Ltd. was launched today on a 100 acre block of land in the Board of Investments (BOI) Industrial Zone in Wagawatta, Horana. The foundation stone for the factory was laid by Prime Minister Ranil Wickremesinghe this afternoon.

Addressing the gathering the Prime Minister said that the two major parties were able to prepare a new economic plan that help to create more job opportunities for the youth in the country. More mega scale development projects will be carried out in the near future.

"Today, the government is working tirelessly towards creating jobs for the youth," the Premier said adding that it is not an easy task for two rival political parties to work in unison to the development of the country. He emphasized that today only Sri Lanka has access to the combined markets of China, India and Europe for our exports.

The Prime Minister said that the land blocks belonging to the state were given for the investments and more land blocks in Kalutara, Avissawella, Galle, Hambantota and Trincomalee have been identified to initiate more investment projects. The next industrial factory will be opened in Koggala Free Trade Zone.

The Premier said the government will transform the Hambantota port into a job creating hub and several agreements will be signed pertaining to the Hambantota port in the near future. Once all the agreements are signed Minister Malik Samarawickrama will make a statement in Parliament and present all the agreements before parliament, he said.

In addition to the tire plant launched today, Rigid Tyre Corporation will also build an ultra-modern research lab to advance research and development, a plant complex with cutting edge technology known for high performance, fuel efficiency and above all, for its environmental safety and residential quarters.

The estimated cost of the Project is 11.25 billion rupees. It is planned to complete work on the project within a short period of one and a half years.

The factory is being constructed with the aim of earning more foreign exchange through rubber exports. The project is expected to generate 3,000 job opportunities.

The Premier said 75 percent of the tire production at the plant will be exported.

Parallel to this event, the Prime Minister distributed nutrition packs among 500 expectant mothers. Many Parliamentarians including Minister Naveen Dissanayake were present on the occasion.

 


ColomboPage - Recent 10 Stories ::
ADB receives $12.6 million grant from We-Fi to promote Sri Lankan women entrepreneurs
Commonwealth Heads of Government Meeting 2018 opens at Buckingham Palace
Sri Lanka to give leadership for mangrove conservation in Commonwealth countries
Twelve suspects who assaulted foreign tourists in the South remanded
Petroleum Minister says the government should decide raising fuel prices
Special committee appointed to compensate vehicles damaged due to garbage dump collapse in Meethotamulla
Iranian Speaker urges to boost industrial ties between Iran and Sri Lanka
FAO recognizes Sri Lanka's Ellanga Gammana agrarian system as a Globally Important Agricultural Heritage System
Five killed falling into an Ammonia tank in Sri Lanka rubber factory, manager arrested
Sri Lanka Ports Authority's JCT records 15.3% growth in 1Q of 2018

Copyright © 2000, 2016 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.