A total of 16 land plots will be allocated for 16 investors under a long-term lease basis for a period of 35 years, the government said.
Cabinet approval was given to a proposal tabled by Industries Minister Ramesh Pathirana. The land will be leased for the investors under the regional industrial zone development programme as recommended by the project evaluation committee.
The evaluation committee comes under the purview of the Regional Industrial Services Committees that has been established as per the provisions of the Industries Promotion Act No. 46 of 1990 and the Ministry of Industries.
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Have to see how much fraud has happened with these deals in the coming years. Unless government gets fair market rates, there's a scam happening to the public purse. Maye the investors pay 100 rupee a month for land plots, then rent out the lands in smaller blocks themself to others for growing food. Great success for investors, but loss for the country.