Cabinet approval has been granted to implement a national project to provide investment opportunities to new entrepreneurs for business development and the establishment of small and medium scale industrial zones at regional and district level. Co-Cabinet Spokesman Mass Media Minister Dullas Alahapperuma speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department said the Budget 2022 proposes to accelerate the local industrialization process by localising the existing industrialization programme and establishing industrial zones at the regional and district levels.
The Industries Ministry has designed a programme to establish two types of industrial estates based on the land areas identified at the District and Divisional Secretariat level.
It is proposed to construct small scale industrial zones with about 15-35 factories on a 5-15 acre plot and medium scale industrial zones with about 35-50 factories on 15-25 acre lands.
A National Committee and a District Steering Committee will be appointed in collaboration with the Ministry of Industries to implement and supervise these projects.
Accordingly, the Cabinet of Ministers approved the proposal presented by Industries Minister Wimal Weerawansa to implement the proposed project.
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