The BOI administers Export Processing Zones
(EPZ) located in Katunayake (190 hectares), Biyagama (180 hectares),
Koggala (80 hectares), Pallekele (100 hectares), Malwatte (25
hectares) Mirigama (264 hectares), and Wathupitiwela (125 hectares).
new zone established at Seethawaka (186 hectares).
Parks located in Mawathagama, Polgahawela, Horana and Mirijjawela.
facilities at the Katunayake and Biyagama zones include reliable
power supply, treated water, telecommunication systems, paved
road network, security systems and chain-link fencing.
The Katunayake Export Processing Zone has served as a model zone
in the Asian region. Both zones are mature and almost fully occupied.
in the deep South, the Koggala zone was established with the purpose
of locating industry outside of Colombo. The zone, 16 kilometres
from the Port of Galle, is envisaged as the nucleus for the development
of the Southern province of Sri Lanka. The establishment of an
international airport, container terminal and extension of road,
rail and infrastructure have been proposed. Industries for the
local market are also to be located in this zone.
producers and industries for the local market are also to be found
at the industrial parks in "Pallekele" which is situated
in the scenic hill country of the Central Province. The Pallekele
industrial park is ideally suited to non-polluting, high technology
investments such as electronic and computer equipment manufacture.
investors may also locate enterprises outside export processing
zones or industrial parks. They may lease the site or purchase
land outright and the BOI will assist potential investors in choosing
a site. State land is allotted usually on a 30-year lease; 99
year leases may also be approved on a case-by-case basis depending
on the nature of the project.
and Banking Facilities
in Sri Lanka is of high international standard and more than 15
foreign banks have branches here. Significantly, some of these
branches have been established more than 100 years.
Sri Lanka also has two large state banks and more than five local
private banks operating. Two development finance institutions
and several merchant and investment banks are also active
enterprise which has entered into an Agreement with the BOI under
Section 17 of the BOI Law and granted exemptions from exchange
control regulations may: