📈 Govt Approves Rs. 2.8 Bn Regional Industrial Projects to Boost Employment

The Cabinet of Ministers has cleared land allocations for 23 new manufacturing and industrial ventures across 13 regional industrial estates on 35-year lease agreements. • Overall Investment & Jobs: Total investment exceeds Rs. 2.8 billion, expected to generate 870 direct jobs. • Regional Development: Implemented by the Ministry of Industry and Entrepreneurship Development to drive balanced industrialisation, decentralise production, and expand economic opportunities outside major urban hubs. • Selection Process: Proposals underwent a multi-stage evaluation by the Regional Industrial Service Committee (under Industrial Promotion Act No. 46 of 1990) and the Ministry's Project Evaluation Committee. The initiative reinforces Sri Lanka's focus on regional manufacturing, industrial diversification, and local employment growth.