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::

* BOI's Polgahawela Export Processing Zone promotes regional industrialization and exports
Sat, Jul 7, 2018, 11:25 am SL Time, ColomboPage News Desk, Sri Lanka.

July 07, Colombo: The BOI's Polgahawela Export Processing Zone (PEPZ) which is a very significant zone in the Kurunegala District, was established in 2000 on a land area of 65 acres of which 39.65 acres are industrial land. There are 7.60 acres of vacant land on 4 vacant plots.

The Zone is 77 km away from Colombo and 75 Km away from the Katunayake International Airport.

The infrastructure facilities at the Zone include water, the processing of waste water and electricity making it attractive to investors.

The Zone's enterprises have a significant impact on the local economy as they provide employment to 4,200 staff. The Zone therefore promotes the Government's objective to develop regional industrialization.

There are currently 5 enterprises in Commercial operations at the Polgahawela zone including 3 engaged in the manufacture of apparel, 1 automobile assembly plant and 1 manufacturing PVC base materials.

One of the enterprises at the Polgahawela EPZ is Micro Cars Limited which was established in 1995 by Dr. Lawrence Perera. The company engineered and built Sri Lanka's first home grown automobile, resulting in the launch of the "Privilege" which was completely designed and made in Sri Lanka. Micro Cars assemble a full range of vehicles ranging from compact Cars, Vans to SUVS, Buses and prime movers. Micro has ventured into overseas markets and have exported vehicles in Pakistan, Bangladesh and Nepal.

In terms of exports, the PEPZ contributed US$73.3 million in export revenue in 2016 and this rose to US$ 77.4 million in 2017.

The main exporting enterprises are Alpha Apparel Ltd, Cosmic Poly Plast Pvt Ltd., Marsylka Manufacturing Lanka Pvt and Sumithra Garmets Pvt Ltd.,

 

ColomboPage - Recent 10 Stories ::
Number of chronic kidney disease patients in Sri Lanka are decreasing, President says
-- [2 hours ago]
Sri Lanka parliament suspends JO MP Wimal Weerawansa for two weeks
-- [2 hours ago]
Central Bank releases 'Sri Lanka Socio-Economic Data - 2018' publication
-- [3 hours ago]
Registration for awareness sessions regarding implementation of trade policy and proposed Free Trade Agreements
Media reports saying IGP is asked to resign are false - government
National Mosquito Control Week from September 26
CID ordered to expedite investigations into national rugby player Thajudeen's killing
Sri Lanka's former president Chandrika Kumaratunga awarded France's highest national honor
Climate change could hurt Sri Lanka's economy and living standards, World Bank warns
ADB approves $10 million technical assistance loan to improve urban projects in Sri Lanka

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.