November 26, 2024
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    Atchchuvely Industrial Estate causes an industrial resurgence in Jaffna

    December 26, 2014

    The Atchchuvely Industrial Estate in Jaffna district is to be developed under tow phases. The Industrial Estate is expected to attract potential investors, from within and outside Sri Lanka, by providing suitable infrastructure and amenities.

    The infrastructure includes boundary wall, internal road network, service buildings, water supply system with treatment plant, power supply and external electrical work with street lighting, sewerage, waste water disposal system, fire protection system, and landscaping.

     

    In Phase I of the Project, 25 acres of land have been developed, which will facilitate setting up of 22 industrial units and provide employment opportunities for approximately 2,000 persons directly and to approximately 10,000 persons indirectly.

     

    Overall, the Industrial Estate will help serve as a platform for industrial development of the region, for regeneration of livelihood in Northern Province and for optimal utilization of local resources. The targeted sectors for investment in the Industrial Estate include textiles, plastic and leather products, oil and fibre products, food processing units, and agro-based industries.

     

    The Industrial Estate has been set up through grant assistance of SLR 220 million by Government of India, and was implemented successfully with the cooperation of the Ministry of Traditional Industries and Small Enterprise Development of Sri Lanka. Necessary technical expertise and project management services were provided by the UNOPS. The Industrial Development Board of Sri Lanka will henceforth manage the Estate.

     

    Government of India has been implementing a variety of multi-sectoral projects in Sri Lanka based on the needs and priorities identified by both countries. India's portfolio of development projects now encompasses virtually all major sectors of the economy, including housing, infrastructure, education, health, agriculture, fisheries, industry, handicrafts and culture. (ST/KH)

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