The project aims to provide investors basic infrastructure and utilities like access roads, internal roads, water supply systems with a treatment plant, power supply, sewerage and waste disposal systems.
The project is expected to provide a boost to economic activities in the Jaffna peninsula and generate local employment, both direct and indirect, for about 2,000 people."It is also expected to lead to a flow of significant investments to increase production capacities in the sectors of textiles, plastic and leather products, food processing, agro-based industries, oil and fibre products."
The High Commission of India Friday signed a deal with its project implementation partner, the United Nations Office for Project Services. India is giving a grant of 1.7 million dollars.
The project will be completed in 14 months and it will help revive the economy of the north which was battered by the 30-year ethnic war which ended in May 2009.