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* Sri Lanka's Koggala EPZ earns US$122 million in 2017
Wed, Mar 14, 2018, 09:50 am SL Time, ColomboPage News Desk, Sri Lanka.

Mar 14, Colombo: Sri Lanka's Board of Investment says the Koggala Export Processing Zone in the South contributed US$122 million worth of exports earnings in 2017 emerging as a major economic center in the South and an important contributor to the national economy.

According to a press Release issued by the BOI currently 23 enterprises are located in the Zone, and the main sectors represented the manufacture of garments, plastic figures and footwear, aircraft repair and boatbuilding.

It also add that the working population in the Zone currently stands at 14,070 of which 80 percent are women.

The Koggala Export Processing Zone (KgEPZ) is located in the Habaraduwa Divisional Secretariat of Galle District, in the Southern province of Sri Lanka. The Zone became operational in 1991 and its total extent is of 227 acres, of which 195 acres are dedicated to industrial use.

It has been declared a bonded area for hub operations benefiting from access to the Southern Expressway and it is only 1½ hours away from the Hambantota Sea Port. This makes KgEPZ attractive to investors who may access markets by shipping from Hambantota.

The working population in the Zone currently stands at 14,070 of which 80% are women. Furthermore the Koggala EPZ has been declared a bonded area for hub operations benefiting from access to the Southern Expressway and it is only 1 hours away from the Hambantota Sea Port. This makes KgEPZ attractive to investors who may access markets by shipping from Hambantota.

The advantages of the Zone for enterprises are the security, lighting, excellent communication as well as power supply and the availability of ground water. In addition there is a centralized administrative complex linked to the relevant departments of the BOI as well as other important facilities such as customs, banking, postal, medical and port cargo handling services.

 

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