President launches second and third phases of Bingiriya Export Processing Zone Development

President Ranil Wickremesinghe stated that a robust economy can be established by enhancing the export economy, manufacturing, tourism, technology sectors and modern agriculture. He highlighted that the government has already laid the foundation to achieve this vision.

The President made these remarks today (12), during the launch of the second and third phases of the Export Processing Zone in Bingiriya, which is the largest of its kind in Sri Lanka. Addressing those present, the President emphasized that efforts are underway to create new investment zones to further bolster the export economy of the country.

Upon completion of the Bingiriya Investment Zone, it is estimated that an export income of USD 2,600 million will be generated, and 75,000 job opportunities will be created.

President Ranil Wickremesinghe inaugurated the newly constructed Dongxia Industrial & Commerce Co. Ltd in the Bingiriya Export Processing Zone.

At a discussion held with officials from the Board of Investment, the Urban Development Authority, investors, and entrepreneur the President instructed officials to take steps to develop the areas of Bingiriya, Dummalasuriya, and Madampe to metropolitan standards, alongside the development of infrastructure in the export processing zone.