Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Premier says government will develop country through rapid industrialization
Sun, May 6, 2018, 10:30 am SL Time, ColomboPage News Desk, Sri Lanka.

May 06, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe says the present government is dedicated to developing the country through rapid industrialization throughout the country without being restricted only to an industrial zone.

Speaking at an event held recently to declare open a two storied building with a new auditorium for Millaniya Divisional Secretariat, the Prime Minister said Millaniya can be identified as a center in the rapid industrialization process under the government.

He said the government is now engaged in the task of land acquisition and the construction of the road network and they will soon fulfill the obligation to pay compensation to the people for the land.

The Premier said the government is now finalizing the agreements with Thai Rochana Company and soon after completion of the agreements the work on the industrial zone will begin in June or July this year.

He said it is not a difficult task to set up 100 factories on an extent spanning 450 acres of this industrial zone and around 50 large factories can be opened,

"We will be able to achieve the results of these industrial zones within the next 10 years," the Premier said.

"These companies want to earn their profits as soon as possible. To get a profit, they need to get more and more companies. Accordingly, this area will be filled up in factories," Prime Minister Wickremesinghe said adding that the industrialization will result in the urbanization.

 

ColomboPage - Recent 10 Stories ::
Pakistan offers numerous scholarship opportunities for Sri Lankan students
-- [6 hours ago]
Minister Ranjan Ramanayake says list of 24 MPs using drugs handed over to Speaker
-- [6 hours ago]
France supports Sri Lanka's fisheries sector to cut post-harvest losses
-- [7 hours ago]
Speaker to table the committee report on disorderly conduct in parliament on Friday
-- [7 hours ago]
Sri Lanka Navy, PNB arrest three people at sea with 20 kg of Kerala Cannabis
-- [9 hours ago]
Fitch downgrades SLT, CEB & DSi, upgrades Lion's Brewery on Sri Lanka National Rating Scale Revision
President emphasizes uplifting underprivileged in urban areas under the Gramashakthi Movement in future
IOM conducts user training workshop for National Police Commission on new Public Complaint Management System
Education Ministry to take action against spreading false rumors regarding Suraksha Insurance
Indian national dies at Sri Lanka's international airport

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.