Energy efficient fans to save millions for tea industry
The tea sector is to save Rs.400 to 500 million
foreign exchange annually by installing Energy Efficient Fans in all
tea factories by June next year.
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'Hospitable policy framework vital for FDI growth'
Sri Lanka should have a hospitable policy
framework to attract Foreign Direct Investment which is an area
picking up very fast in the pursuance of high economic growth,
Professor of Finance of the University of Chicago USA Prof. Raghuram
G.Rajan said.
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Rocell invests Rs. 1.4 b for sanitaryware plant
Royal Ceramics has invested Rs. 1.4 billion to
set up a subsidiary, Rocell Bathware at the Panagoda Industrial
Park. High tech equipment and robots would be used for the
manufacturing process Director, Royal Ceramics, Nimal Perera said.
The investment has been made with local funds and would be a 100 per
cent locally owned company.
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