Thursday, February 25, 2010

Sri Lanka: Free Trade Zones to Kilinochchi and Trincomalee

The government has decided to set up free trade zones in the Killinochchi and Trincomalee districts soon as part of plans to speed up post-war development, a spokesperson for Board of Investment said.

Plans had also been finalized to open a BOI office in Jaffna, he said.

The coastal areas of the North and the East were now open for a wide range of investment projects including new hotels, he said.

Investors were also welcome to launch new projects in the Kilinochchi and Mullaitvu districts, the spokesperson added. Those areas had a great potential for rapid development, he said.

The BOI had received a large number of foreign invesment proposals in the past few months, he said.

© The Island

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