The Sri Lanka investment landscape is set to expand as the government approves leasing industrial park land to 38 projects, attracting over Rs. 2.5 billion in investment and creating more than 1,500 jobs.
Cabinet approves leasing land to 38 Sri Lanka investment projects across industrial parks
Sri Lanka’s cabinet has granted approval to lease land from industrial parks to 38 private investment projects, signaling a boost in the country’s industrial and economic growth. Minister Nalinda Jayatissa confirmed that the total investment value for these projects is Rs. 2,548.22 million, which is expected to generate approximately 1,559 direct employment opportunities.
The allocated land will be provided on a lease basis for a maximum period of 35 years, allowing investors sufficient time to establish and scale their operations. Of the 42 project proposals recommended by the Regional Industrial Service Committee, the Ministry of Industry and Entrepreneurship Development’s Project Evaluation Committee approved land allocation for 38 projects.
The land has been strategically distributed across key industrial regions, including Ampara, Trincomalee, Batticaloa, Kalutara, Minuwangoda, Matugama, Millaniya, Ulapaney, Ratnapura, Nalanda, Karandeniya, Bata Atha, Mannar, Galigamuwa, Embilipitiya, Buththala, Dankotuwa, Puttalam, and Aluthapola. These regions are expected to benefit from increased industrial activity, local employment, and long-term economic growth.
This initiative highlights the government’s commitment to promoting Sri Lanka investment by facilitating infrastructure access and encouraging private sector participation. The leasing program is anticipated to strengthen the industrial base while fostering sustainable regional development across the country.