The Sri Lanka Board of Investment has given approval to nine investment projects worth Rs 13,844 million.
Countries investing in the projects include India, US, Italy and Bahrain. Moreover, after completion, the project is expected to create 900 jobs.
Kalpitiya Tourist Hotel project, one of the largest among the group is expected to generate 400 jobs. Astonishingly, this project will alone involve an investment of Rs13,000 million.
Another tea cultivation, preparation and export project with an investment of Rs285 million will also be initiated under this program.
This apart, the Government has approved many other industrial projects in spheres of IT, fashion designing and garments.
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