Aug 07, 2018 (LBO) – Sri Lanka’s Board of investment says the Mirigama Export Processing Zone is presently expanding its land area by another 108 Acres, adding 31 industrial lots to the zone with an objective of facilitating more FDI into the country.
The Mirigama Export Processing Zone (MEPZ) has contributed 14 million US dollars in export revenue as at end of March 2018.
MEPZ established in 1998 on a land area of 260.5 acres of which 50.69 acres are industrial land, is situated in the Gampaha District about 65Km North East of Colombo and 35 Km away from Colombo (Katunayake) International Airport.
The infrastructure facilities at the zone include water, the processing of wastewater and electricity, making it attractive to investors.
The zone’s enterprises have a significant impact on the local economy as they provide employment to 2,752 staff promoting the Government’s objective to develop regional industrialization.
There are currently 9 enterprises in commercial operations at the Mirigama zone involved in the manufacture of garments, marble, granite, lead ingots, and plant propagation products, extraction of essential oil and oleoresins from spices.
Among the enterprises functioning at the MEPZ is Aussee Oats Milling Pvt. Ltd. which is engaged in the milling of oats for exports. Another company Colombo Stone Industries Pvt. Ltd. is engaged in the manufacture of granite products used in the building industry.
Since these are mainly from non-traditional economic sectors, BOI said the enterprises of the zone have created new skills and introduced new technologies to Sri Lanka’s economy.