The Ministry says that India has increased the financial assistance from
Rs. 192 million to Rs. 250 million for the development of the
Atchchuvely Industrial Zone in Jaffna.
The project is the first Green Industrial Zone in the country and is funded by the Indian government.
The Ministry will implement the project with the technical expertise and
project management services by the United Nations Office for Project
Services (UNOPS).
The Sri Lankan government has allocated Rs. 25 million in 2011 to
restore the Atchchuvely Industrial Zone that was devastated in ethnic
war. An area of 65 acres was cleared of landmines and an administrative
building was constructed with these allocations.
In July this year, Minister of Traditional Industries and Small
Enterprise Development, Douglas Devananda said a Rs. 50 million grant
provided by USAID would be offered to factory owners who would start
industries in Atchchuvely Industrial Zone.
A government report said the zone has attracted 52 investors and half of
them are interested in in the food and beverage sector.
The rest of the investors are interested in industrial products
categories of tire manufacturing, aluminum-based products, wood carving,
soap manufacturing, and cement-based products.
Once completed, the development is expected to boost to economic
activities in the Jaffna Peninsula and provide both direct and indirect
employment for about 2,000 people.
Source - ColomboPage .
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