Apr 06, 2010 (LBO) – Employment at Sri Lanka’s export processing zones have increased 3.7 percent by end 2009 and there are now unfilled vacancies at some firms, the head of Sri Lanka’s state investment promotion agency said. Deputy director general A M C Kulasekera said firms coming under the agency, which received tax concessions, had created 474,128 direct jobs and a further 3.0 million indirect jobs.
“BoI companies account to 65 percent of total exports and 86 percent of industrial exports,” Kulasekera said.
“There are 1726 commercial projects within the BoI exports zones and another 1496 projects outside the zones.”
In 2009 Sri Lanka had received 602 million dollars in foreign direct investment, Perera said.
There are fears of job losses in the sector if trade concessions to Europe ends later this year due to Sri Lanka’s lack of compliance over several international conventions dealing in torture, rights of the child and human rights. The Board of Investment of Sri Lanka (BoI) says jobs at its investment increased 3.7 percent to 475,000 in the year to December.
The Board of Investment (BoI) invites unemployed youth to forward their resumes to fill vacancies in apparel sector, while jobs in export