Govt to designate 1% of its land parcel for industrial use

Minister of Industries and Health, Dr. Ramesh Pathirana, stated that due to the limited availability of land for industrial purposes in Sri Lanka, the government’s objective is to designate 1% of the nation’s total land area for industrial use.

The minister made this remark at a recent press conference held at the Presidential Media Centre on the theme of ‘Collective Path to a Stable Country.’

“The process of amending the Industrial Promotion Act No. 46 of 1990 to align with current and future requirements has reached its conclusion. The initial draft, along with recommendations from the Drafting Department, has been finalised. The second draft related to the formulation of the national policy regarding automobile production, including assembly and manufacturing of automobile components, has been completed,” he said.

“As part of the special national program for creating industrial zones and industries at the regional and district levels, essential development activities are underway at identified regional industrial estates that can be swiftly completed. This initiative encompasses 32 existing industrial estates and the creation of 6 new ones in Aluthapola, Dambulla, Sandamalgama, Suriyawewa, Mahawa and Wellawaya. Additionally, plans are in place to establish a 100-acre industrial park in the Katunayake Katana area, equipped with necessary facilities for electric vehicle assembly and accessory production,” he noted.