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

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 ::
President donates million to Thebuwana Police Sergeant Sanath Gunawardena
-- [7 hours ago]
Sri Lanka looking to restrict non-essential imports to face current economic challenges
-- [8 hours ago]
Sri Lankan President reaffirms government's commitment to eliminate malnutrition
-- [9 hours ago]
Sri Lanka's manufacturing, services sectors slow down in September 2018
MP Wimal Weerawansa files petition against Counter-Terrorism bill
Ali Roshan and six others summoned before Special High Court over illegal possession of elephants
Diplomats enlightened on Sri Lanka's Economy, foreign policy
Pakistan HC in Sri Lanka re-launches official website
Former Sri Lanka cricket captain Sanath Jayasuriya responds to corruption charges
Office on Missing Persons Colombo meeting today

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.