The cabinet of Ministers have approved the proposal to establish a new Industrial City in Katunayake.
The Minister of Industries has proposed to set up a new Industrial City after nearly 150 investors had requested for an opportunity to operate their businesses in the Western Province.
The need for a new Industrial City has arisen as all eight existing Industrial estates are currently operating at full capacity.
As a result, nearly 100 acres of Government land in Kaludiyawala Watta under the Katana Divisional Secretariat in Katunayake has been allocated for the new Industrial City.
Industries such as rubber, plastics, pharmaceutical, and allied products such as electrical and electronic appliances, packaging, value added agro products, and recycling industries with a focus on apparel and allied products will be set up within the new Industrial City.
The cabinet of Ministers said the new Industrial City is expected to generate an investment of nearly Rs. 30,000 million and provide 11,500 job opportunities. (NewsWire)