Bhathiya Barukanda
- Plans to Develop Bingiriya as a Major Economic Zone across Five Key Sectors.
- Projected Export Revenue of USD 2600 Million upon Completion of Investment Zone.
- 75,000 Job Opportunities through Investment Zone Expansion.
- “Efforts are being made to create new investment zones to strengthen the country’s export economy and address unresolved societal issues through a unified economic system.” – President
- “Due to the President’s effective economic policies, this year has seen the conclusion of 35 new investment agreements.”
- “The Ministry of Investment Promotion has successfully met its target of attracting investments totalling Rs. 01 billion.” -State Minister of Investment Promotion.
President Ranil Wickremesinghe stated that a robust economy can be established by enhancing the export economy, manufacturing, tourism, technology sectors, and modern agriculture. He highlighted that the government has already laid the foundation for this vision.
The President made these remarks today (12), during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya, which is the largest of its kind in Sri Lanka. Addressing the ceremony, the President emphasized that efforts are underway to create new investment zones to further bolster the export economy of the country.
Upon completion of the Bingiriya Investment Zone, it is estimated that an export income of USD 2,600 million will be generated, and 75,000 job opportunities will be created.
President Ranil Wickremesinghe inaugurated the newly constructed Dongxia Industrial & Commerce Co. Ltd in the Bingiriya Export Processing Zone. During his visit, the President toured the premises and engaged in cordial conversations with the employees.
Following the tour, President Ranil Wickremesinghe held a discussion with officials from the Board of Investment, the Urban Development Authority, investors, and entrepreneurs. During the discussion, the President instructed officials to take steps to develop the areas of Bingiriya, Dummalasuriya, and Madampe to metropolitan standards, alongside the development of infrastructure in the export processing zone.
Plans to develop Bingiriya into a major economic region of the country were also discussed at these discussions. These plans include the development of agriculture, the manufacturing industry, information technology, tourism, and the fishing industry.
