Sri Lanka to earmark 1 pct of total land for industrial activities-Xinhua

Sri Lanka to earmark 1 pct of total land for industrial activities

Source: Xinhua| 2023-10-27 21:26:30|Editor: huaxia

COLOMBO, Oct. 27 (Xinhua) -- The Sri Lankan government plans to earmark 1 percent of the South Asian country's total land for industrial activities, Minister of Industries Ramesh Pathirana said on Friday.

Addressing a press conference in Colombo, Pathirana said Sri Lanka faces limitations in the available land for industrial purposes, hindering the growth of the industrial sector.

Measures are being taken to expand industrial land allocation, with a target of dedicating 1 percent of the island nation's total land area for industrial purposes, said Pathirana.

The minister said a comprehensive five-year strategic plan on industrial policy has been drafted and its implementation is already underway within the ministry.

According to the minister, there are 32 industrial zones in Sri Lanka and six more will be established soon.

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