BOI signs agreement with JKL Group for teak plantation project
THE BOI entered into an agreement with Lanka Teak to set up a project
for a teak plantation.
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Agreement: Minister of Enterprise Development and Investment
Promotion Dr. Sarath Amunugama with CEO of the JKL- Group, Jann
K. Lindberg. |
Using techniques based on tissue cultured plant material the company
will grow teak trees of which much of the wood will be exported.
Agreements were signed at the Ministry of Enterprise Development and
Investment Promotion conference room and signatories were
Chairman/Director General of the BOI Dhammika Perera and Chairman and
CEO of the JKL- Group, Jann K. Lindberg a Monaco based company whose
activities include shipping, energy and investments.
The investor received his agreement document from Minister of
Enterprise Development and Investment Promotion Dr. Sarath Amunugama.
The company will be investing Rs. 50 million on this project of which
80% of the products will cater to the international market.
It is also significant that the project will be located at Giribawa
and will be launched under the Nipayum Sri Lanka 300 Enterprises
Programme (300EP).
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