ECONOMYNEXT – Sri Lanka has shifted the location of a proposed tyre plant by Ceylon Steel Corporation, for which Italy’s Marangoni will supply equipment from a closed plant, after protests by land owners.
The Ministry of Development Strategies and International Trade had originally proposed taking about 100 acres from private coconut estates in Gonapola, Horana, 5km from the southern expressway.
But objections from land owners meant that option was not feasible, the ministry has said.
Instead, a plot of land at Wagawatta, Horana, under the administration of the Board of Investment will now be given for the plant.
The factory is to be set up by the Ceylon Steel Corp with technical collaboration from Marangoni.
The Ministry of Development Strategies and International Trade had originally proposed taking about 100 acres from private coconut estates in Gonapola, Horana, 5km from the southern expressway.
But objections from land owners meant that option was not feasible, the ministry has said.
Instead, a plot of land at Wagawatta, Horana, under the administration of the Board of Investment will now be given for the plant.
The factory is to be set up by the Ceylon Steel Corp with technical collaboration from Marangoni.
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