PROJECT PROPOSALS

Sept 2016

Special Projects Unit

Promotion Department
Board of Investment of Sri Lanka
Level 26, West Tower, World Trade Center
Echelon Square
Colombo 01
Sri Lanka

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 CONTENTS
A. Tourism & Leisure 4
1 - Project Profile- Integrated Tourism Project at Kalpitiya
2 - Project Profile - Lake Resort Hotel at Dedduwa
3 - Project Profile - Tourism Development Project at Kuchchaveli
4 - Nature Trails, Eco Hotels, Healthcare Hotels, Business Hotels,
Holiday Resorts, Villa Hotels Floating ship / Boat based hotels

B. Universities & Training Institutes 11

5 - Project Profile - Establishment of world class Universities and Knowledge Cities
6 - Project Profile - Homeopathic Training Collage & Homeopathic Hospital

C. IT, BPO & Knowledge Activities 14

7 - Project Profile – Mini Software Development / KPO Parks
8 - Project Profile – Development of IT & Knowledge Park at in Northern Province

D. Port Related Hub Operations 16

9- Project Profile - Establishment of Entreport Trade
10 - Project Profile - Logistics Operations
11– Project Profile - Head Quarters Operations

E. Projects - Health Sector 19

12 - Project Profile - Establishing of three Private Hospitals

F. Infrastructure Development New Zones 20

13 Project Profile - Agro Economic Zone
14 - Project Profile - Agro Economic Zone at Welikanda
15 - Project Profile – Setting up of 45 New BOI Zones under the BOI Covering all Districts

G . Manufacturing Sector 23
16 - Project Profile - Manufacturing of Pharmaceutical Products for Local & Export Market
17 - Project Profile- Manufacture of Healthcare Supplements & Cosmetic Products
18 - Project Profile– Value added Rubber Industry
19- Project Profile - Manufacturing of Textile Accessories
20 - Project Profile - Setting up of a Woven Fabric Manufacturing Plant

H. Annexes A 28
1. Expressions of Interest (EOI) Submission Format

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NOTE: PROJECTS LISTED IN THIS DOCUMENT SHALL BE PROCESSED / EVALUATED AND RANKED ON
FIRST COME FIRST SUBMISSION BASIS.

TOTAL PROPOSAL PREPERATION & SUBMISSION OF BOI APPLICATION FEES SHOULD BE BORN BY THE
PARTY / COMPANY SUBMITTING THE PROPOSAL. IF ANY PARTY / COMPANY IS INTERESTED IN ANY
PROJECT, PLEASE SUBMIT THE COMPLETED FORM AT LAST PAGE OF THIS DOCUMENT CLEARLY
INDICATING THE PROJECT PROFILE NO AND PROJECTENVISAGED.

If you need further details / clarifications with regard to Projects identified in this Document, you could
contact the BOI indicating the Project Profile number in all communication.

All communications with regard to Projects should be emailed to [email protected] or Facsimile to

+94112346090 indicating Project Profile number given for each Project, the Board of Investment of Sri
Lanka shall act as the one stop facilitator for Project investors / Developers.

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 A. TOURISM & LEISURE
1 - PROJECT PROFILE – INTEGRATED TOURISM RESORT PROJECTS IN KALPITIYA

Sector Tourism

Geographical Location Kalpitiya North Western Province, Puttalam District, (150

Km. North of Colombo)
Responsible Agent(s) Sri Lanka Tourism Development Authority

Kalpitiya Integrated Tourism Project – Construction of hotels, Entertainment

Centres, Golf Courses. Water based accommodation facilities, Water
Project Description &
related facilities, Ayurvedic Health Village and Spa, Eco lodge Deluxe hotel as
Rationale / Objectives leading product and development landmark, Water sports centre, Boat
Service, Aqua centre and museum.
Project Size Approx. USD 100 Mn and above for each 25 Ha land area.
10 Islands at Kalpitiya to be offered to minimum of 10 or more potential
investors :
Baththalangunduwa - 124.8 Ha
Palliyawatta - 59.4 Ha
Uchchamunai - 443.8 Ha
Periya Arichchalai - 44.4 Ha
Sinna Arichchalai - 16.6 Ha
Eramutivu - 90.1 Ha
Sinna Eramutivu - 2.1 Ha
Eramutivu West - 4.3 Ha
Kakativu - 27.2 Ha
Mutuwal - 201.3 Ha
Proposed Procurement Investment Model
Process a. Foreign Direct Investment ,
b. Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by identifying a suitable
Island in the required extent and submission of a proposal to the Board of
Investment of Sri Lanka
Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment to
set up Tourism Sector Projects to cater to local & Foreign Tourists. The Project
Company shall qualify for applicable incentives under the Board of Investment
of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project as
the Islands are available for Development on first come first serve basis.
Financing Amount & Land value as determined by the Government Chief Valuer of Sri Lanka and
Structure Required cost of the project should be financed from foreign sources.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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Map identifying Kalpitiya Tourism Development

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2- PROJECT PROFILE – RESORT & RECREATION DEVELOPMENT IN DEDDUWA
Sector Tourism

Geographical Location Southern Province, Dedduwa, Bentota (67 Km South of Colombo)

Responsible Agent(s) Sri Lanka Tourism Development Authority

Project Description & Dedduwa Lake Resort Hotel (Activity based Eco Tourism)
Rationale / Objectives

Project Size Approx. USD 500 Mn and above for total Zone Development 1318.4
acre Marshy land and 415.7 acre water body

Proposed Procurement Investment Model

Process a. Foreign Direct Investment ,
b. Land would be offered on a long term lease basis

Planned Start Date Project can be initiated with immediate effect, by identifying a suitable land
and submission of a proposal to the Board of Investment of Sri Lanka

Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment to
set up Tourism Sector Projects to cater to local & Foreign Tourists. The Project
Company shall qualify for applicable incentives under the Board of Investment
of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project as
1318.4 acre Marshy land and 415.7 acre water body is available for
Development.

Financing Amount & Land value as determined by the Government Chief Valuer of Sri Lanka and
Structure Required cost of the project should be financed from foreign sources.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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3 - PROJECT PROFILE - BEACH RESORT / HOTEL AT KUCHCHAVELI
Sector Tourism

Geographical Location Eastern Province, Trincomalee District (300 Km North East of Colombo)

Responsible Agent(s) Sri Lanka Tourism Development Authority

Project Description & Kuchchaveli Tourism Development Project with 40 Beach Resorts
Rationale / Objectives

Project Size USD 10.0 Mn for each Plot of 10 Acres

510 acres and one plot is (Minimum 10 acres per investor)
Proposed Procurement Investment Model
Process a. Foreign Direct Investment ,
b. Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by identifying a suitable land
and submission of a proposal to the Board of Investment of Sri Lanka

Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment to
set up Tourism Sector Projects to cater to local & Foreign Tourists. The Project
Company shall qualify for applicable incentives under the Board of
Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project as a
Minimum of 10 acres per investor is available for Development of Beach
Resorts.

Financing Amount & Land value including project cost should be financed from foreign sources.
Structure Required

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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Geographical Map identifying suitable locations for
Tourism Sector Projects

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4 - PROJECT PROFILE - Tourism & Leisure

Sector Tourism & Leisure

Geographical Location The Investor / Developer could identify a suitable site / extent, as per their
preference from the annexed BOI database of lands.

Responsible Agent(s) Investor, BOI, SLTDA, UDA

Project Description & Nature Trails, Eco Hotels, Healthcare Hotels, Business Hotels, Holiday Resorts,
Rationale /Objectives Villa Hotels Floating ship / Boat based hotels.

Sri Lanka has an ambitious target of 2.5 Mn foreign tourist by year 2016 and
during year 2015 more than 1.7 Mn foreign Tourists have visited the Country

Project Size USD 5.0 Mn and above

Proposed Procurement Investment Model

Process a. Foreign Direct Investment ,
b. Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by identifying a suitable land
and submission of a proposal to the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment to set
up Tourism Sector Projects to cater to local & Foreign Tourists. The Project
Company shall qualify for applicable incentives under the Board of Investment
of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project.

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Clearance shall be granted by Tourism Development Authority to maintain
offered standards of the service for local & foreign Tourists.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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Key Tourism Destinations in the Country

Arugambe

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 B UNIVERSITIES & TRAINING INSTITUTES

5 - PROJECT PROFILE – To Establish World Class Universities and

Knowledge Cities
Sector Higher Education Sector

Geographical Location • Achchuveli Jaffna (15 acres)

• Puttalam - Kalladi – state own land (250 acres )
• Matara - Godagama – LRC land approx.(340 acres )
• Kandy - Hantana Estate - JEDB land approx (75 acres)
• Mulathivu - Oddusudan – state land approx (100 acres)
• Deniyaya - Sellakanda Watte, Viharahena – LRC land appox 200 acres
Hambantota
Responsible Agent(s) Ministry of Higher Education and the Board of Investment of Sri Lanka

Project Description & To establish 05 world class Universities and 02 Knowledge Cities;
Rationale / Objectives • To attract (10,000) foreign students, (500) foreign Professors and
Researchers to Sri Lanka.
• To minimize the outflow of the Sri Lankan students going abroad.
(estimated 10,000 leave seeking higher education annually)
• Approx. 250,000 are qualified to enter universities in Sri Lanka annually,
out of which only 25,000 are allocated seats in the state universities and
the balance of 25,000 go into technical colleges.
• An estimated 75,000 are enrolled in the non-state sector higher education
institutes.
Project Size US$ 25 Mn. and above of inward remittance for investment purpose
Proposed Procurement Proposals accepted
Process
Planned Start Date Projects can be initiated immediately, by identifying a suitable land from
among the lands listed above under item Geographic Locations
Project Documentation Preliminary expression of interest and a comprehensive project proposal.
Current Status 02 International Universities have already been approved to be established in
Sri Lanka, and several International Universities are having serious
negotiations with the relevant authorities.
Existing Policy, Institutional a. Applicable Tax Concessions shall be granted by the Board of Investment
Frame Work and concessions of Sri Lanka (BOI).
to be offered b. Duty free facilities can be given for the importation of equipment,
Building Materials etc.. under the BOI Incentives
c. The BOI would facilitate obtaining clearances for the Project from the
Ministry of High Education and for the Course Curriculum from the
University Grants Commission where necessary in term of strengthening
the objectives of “Mahinda Chintana Idiri Dakma”.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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Geographical Map Identifying suitable locations

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6 - PROJECT PROFILE - Homeopathic Training College & Homeopathic
Hospital
Sector Training Institute

Geographical Location 5 Acres state owned land at Kalawana

Responsible Agent(s) Investor, BOI etc..

Project Description & ESTABLISHMENT OF A HOMEOPATHIC TRINING COLLEGE &

Rationale /Objectives HOMEOPATHIC HOSPITAL
The project aims to construct and operate a Homeopathic Training Institute with
all facilities inclusive of a Hospital in Sri Lanka.

Project Size USD 5.0 Mn

Private investors are encouraged to undertake construction and management of
the Homeopathic hospital with Government supervision.
Proposed Procurement Investment Model
Process Foreign Direct Investment

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka
Project Documentation A large portion of the population in Sri Lanka is reported to be heavily
dependent on indigenous medicine to meet their health care needs.
Homeopathy being one safest and cost effective system of medicinal practices
all over the world, there is an increasing demand for its professional service.
Since there is no Homeopathic Training Collage in Sri Lanka, students who wish
to study this system of medicine go to neighboring countries such as India and
Sri Lanka at a great cost to the country.
The project will enhance the facilities available in the country for studying
homeopathy and more local students who are willing to learn this system of
medicine at much less cost. It will save a significant amount of foreign
exchange.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project
Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment
Institutional Frame Work of Sri Lanka.
and concessions to be b. Duty free facilities can be given for the importation of equipment,
offered Building Materials etc.. Under the BOI Incentives.
c. The BOI would facilitate in obtaining of clearances / approvals from the
Ministry of Indigenous Health for the Proposed Project.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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C. IT, BPO & KNOWLEDGE ACTIVITIES

7 - PROJECT PROFILE – Mini Software / KPO Park Development

Sector IT & BPO

Geographical Location 14 Acres state land at Kundasale adjoining the Kandy Industrial Park

Responsible Agent(s) Investor, BOI, UDA and other relevant Line Ministry / Agency

Project Description & Projects Envisaged;

Rationale /Objectives a. Mini Software Development Parks
b. Business/ Knowledge Process Outsourcing Parks
Project Size USD 5.0 Mn and above

Proposed Procurement Investment Model

Process Foreign Direct Investment
Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited to invest in setting up of Company
to cater to the Proposed Project within Sri Lanka. The Project Company shall
qualify for applicable incentives under the Board of Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of Sri
Institutional Frame Work Lanka.
and concessions to be b. Duty free facilities can be given for the importation of equipment, Building
offered Materials etc.. under the BOI Incentives

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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8- PROJECT PROFILE To Develop an IT & Knowledge Park within the Northern
Province
Sector IT & Knowledge Services

Geographical Location Achchuveli within Northern Province

Responsible Agent(s) Board of Investment of Sri Lanka

Project Description & Development of Information Technology Park / Educational Park, Multi
use complex
Rationale / Objectives
* Sri Lanka has been ranked 2nd in South Asia under the Network
Readiness Index in the Global Information Technology Report 2010- 2011
published by the World Economic Forum

*Sri Lanka has the largest pool of UK Certified Accountants outside of UK.

* IT industry wages range from US$ 150 to US$ 2500 per month which is
30% lower than other offshoring destinations.

According to the current National data;

• No. of students sat for the University Entrance examination 250,000.
• No. of students qualified for University entrance 150,000.
• No. of students intake to local govt. Universities 25,000.
Project Size USD 5.0 Mn and above in phase 1

15 Acre Land has been identified from Achchuveli in Jaffna.

Proposed Procurement Investment Model

Process Foreign Direct Investment
Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka
Project Documentation Project proposal including previous experience

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project as a 15
Acre Land is available on a 50 year lease basis;
• Lease Premium 6000 US$ Per Acre
• Annual Ground Rent 1500 US $ Per Acre
Financing Amount &
Structure Required US$ 10 Mn. and above.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

l

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 D PORT RELATED COMMERCIAL HUB OPERATIONS

9 - PROJECT PROFILE - Establishing Entreport Trade / Services

Sector Hub Operations

A – Import of merchandise for minor processing and re-export
B – Import of inputs for export processing with minimum of
10% of Value Addition (Export to India under FTA requires 35%
Value Addition to be undertaken in Sri Lanka)
Geographical Location Suitable Land to be identified depending on area of activity
Free Ports – Colombo & Hambantota Ports
Specified Bonded Areas – Mattala Airport & Mirrijjawila Export Processing Zone
Bonded Areas – Katunayake & Koggala Export Processing Zones

Responsible Agent(s) Investor, BOI, Airport and Aviation Services (Sri Lanka) Limited, Sri Lanka
Ports Authority etc..

Project Description & Establishing Entreport Trade Operations / Services in Sri Lankan
Rationale /Objectives

Project Size USD 5.0 Mn and above

Proposed Procurement Investment Model

Process a. Foreign Direct Investment,
b. Land would be offered on a long term lease basis

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited to invest in setting up of a Company
to cater to Entreport Trade utilizing the designated areas within Sri Lankan.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Duty free facilities can be given for the importation of Plant, equipment and
offered Machinery etc.. Under the BOI Incentives.
c. Should have license regime in order to ensure smooth operations of
activities, Under Customs Licensed System and supervision

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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10 - PROJECT PROFILE - LOGISTIC SERVICES
Sector Hub Operations / Logistic Services
A. Warehousing, Inventory Management, Logistic Value Addition
B. Freight forwarding for clients abroad
C. Transshipment Activities
D. Regional Trade Bonds
Geographical Location Suitable Land to be identified depending on area of activity
Free Ports – Colombo & Hambantota Ports
Specified Bonded Areas – Mattala Airport & Mirrijjawila Export Processing Zone
Bonded Areas – Katunayake & Koggala Export Processing Zones

Responsible Agent(s) Investor, BOI, Airport and Aviation Services (Sri Lanka) Limited, Sri Lanka Ports
Authority etc..

Project Description & Logistic Services

Rationale /Objectives

Project Size USD 3.0 Mn and above

Proposed Procurement Investment Model

Process Foreign Direct Investment
Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by the investor by identifying a
suitable land depending on Investor Interest and submission of a proposal to
the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited to invest in setting up of a Company
to cater to the proposed Project within Sri Lanka. The Project Company shall
qualify for applicable incentives under the Board of Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Duty free facilities can be given for the importation of Plant, equipment and
offered Machinery etc.. Under the BOI Incentives.
c. Should have license regime in order to ensure smooth operations of
activities, Under Customs Licensed System and supervision

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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11 - PROJECT PROFILE - Head Quarters Operations
Sector Hub / Head Quarters Operations
A. International Billing
B. Quality Control
C. Financial Services
D. Administration
E. Supply Chain Management

Geographical Location Suitable Land to be identified depending on area of activity

Free Ports – Colombo & Hambantota Ports
Specified Bonded Areas – Mattala Airport & Mirrijjawila Export Processing Zone
Bonded Areas – Katunayake & Koggala Export Processing Zones

Responsible Agent(s) Investor, BOI, Airport and Aviation Services (Sri Lanka) Limited, Sri Lanka Ports
Authority etc..

Project Description & Logistic Services

Rationale /Objectives

Project Size USD 1.0 Mn and above

Proposed Procurement Investment Model

Process Foreign Direct Investment
Land would be offered on a long term lease basis
Planned Start Date Project can be initiated with immediate effect, by the investor by identifying a
suitable land depending on Investor Interest and submission of a proposal to
the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited to invest in setting up of a Company
to cater to the proposed Project within Sri Lanka. The Project Company shall
qualify for applicable incentives under the Board of Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, d. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be e. Duty free facilities can be given for the importation of Plant, equipment and
offered Machinery etc.. Under the BOI Incentives.
f. Should have license regime in order to ensure smooth operations of
activities, Under Customs Licensed System and supervision

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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 E HEALTH SECTOR

12 - PROJECT PROFILE – PRIVATE HOSPITALS

Sector Infrastructure / Health Care Services

Geographical Location 1 Acre UDA land within the city of Kurunegala

Responsible Agent(s) Investor, BOI etc..

Project Description & Establishment of Private Hospitals

Rationale /Objectives Specifically designed to treat patients with heart ailments, mental tranquility and
medical Tourism.

Project Size USD 5.0 Mn and above.

The proposed hospital to be established in Gampaha, Ratnapura and Jaffna
districts should have a minimum of 100 125 Beds with all facilities.

Proposed Procurement Investment Model

Process Foreign Direct Investment
Land would be offered on a long term lease basis

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka

Project Documentation Need for developing special hospitals for patients with heart ailments has been
identified as a priority intervention in the health sector with Sri Lanka observing
an increase in non-communicable diseases, the incidence of heart diseases too is
on the rise.
This project will improve the accessibility to modern and high quality services in
relation to medical and surgical tertiary care and the proposed project will fills
gaps in healthcare delivery avoiding undue disparities in access to such services.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project
Existing Policy, a. The BOI would facilitate in obtaining of clearances / approvals from the
Institutional Frame Work Ministry of Health for the Proposed Project.
and concessions to be b. Applicable Tax Concessions shall be granted by the Board of Investment
offered of Sri Lanka.
c. Duty free facilities can be given for the importation of equipment,
Building Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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 F. INFRASTRUCTURE DEVELOPMENT

13 - PROJECT PROFILE – Development of a Agro Economic Zone

Sector Infrastructure / Agro Processing

Geographical Location 500 Acres land owned by MASL at Pollebadda, Mahaoya

Responsible Agent(s) Investor, BOI, UDA etc..

Project Description & Agro Economic Zone at within the Northern / Eastern Province, The project aims to
Rationale /Objectives construct a 350 acre Agro Processing Zone with all facilities within Northern
Province in Sri Lanka.
 The project will enhance the facilities available within the Northern Province
inclusive of creation of urgently needed job opportunities.
 To create a centre of excellence for agro business and investments that conforms to best
international standards.
 Promote local and foreign investments in Agro Processing Sector with Research,
innovation, new technology.

Project Size US$ 35Mn and above

Government will provide a suitable land on long term lease basis and the supportive
facilities etc. Private investors are encouraged to undertake construction and
management of the Agro Processing Zone

Proposed Procurement Investment Model

Process Foreign Direct Investment

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka
Project Documentation Development of a Special Economic Zone within the Northern / Eastern Province has
been identified as a priority Project to offer employment opportunities to the skilled
and unskilled labor force within the Province. The BOI shall identify a suitable land
based on investor requirements for the proposed Agro Economic Zone and the
supportive facilities including access roads, water supply, electricity etc. shall be
developed inclusive of standard factory Buildings for potential investors to setup their
Agro Processing Plants.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project
Existing Policy, a. Government will provide the necessary supportive infrastructure including
Institutional Frame Work lands for establishment of the Agro Processing Zone, access roads, electricity
and concessions to be and water supply facilities
offered b. Applicable Tax Concessions shall be granted by the Board of Investment
of Sri Lanka.
c. Duty free facilities can be given for the importation of equipment, Building
Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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14 - PROJECT PROFILE - To Establish & Operate an Agro Zone
Agriculture

Geographical Location 600 Acres MASL land at Sinhapura within Welikanda

Responsible Agent(s) Mahaweli Authority of Sri Lanka

Project Description & To Develop the Agro Zone to locate for animal husbandry, dairy,
Rationale / Objectives cultivation of cash crops using annual rainfall, agro wells or by rainwater
harvesting

Project Size USD 35.0 Mn and above for total Project 600
Acres
Proposed Procurement Investment Model
Process Foreign Direct Investment

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka

Project Documentation Project application – feasibility report etc

600 Acres could be allocated to establish & operate an Agro Zone or as
individual Projects within the Zone
Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project as
600 acre land is available for Development and the Land has already been
surveyed and is available to commence the project
Financing Amount & Sizable plots of land could be allocated depending on investment and
Structure Required employment criteria

Existing Policy, Institutional a. The Investor / Developer shall develop & operate the Agro Zone inclusive
Frame Work and concessions of access roads, electricity and water supply facilities within the Zone.
to be offered b. Applicable Tax Concessions shall be granted by the Board of Investment of
Sri Lanka.
c. Duty free facilities can be given for the importation of equipment, Building
Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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15 - PROJECT PROFILE - To Establish 45 New BOI Zones Covering all Districts
Sector Infrastructure

Geographical Location Each District to have at least one Industrial Zone / Park under the purview of
the BOI. The BOI shall Identify suitable Lands depending on Sector
Responsible Agent(s) BOI together with Government Land Owning Agency / Department

Project Description & To Develop Export Processing Zones / Parks within all Districts for
Rationale / Objectives Manufacturing, Agro Processing, IT/BPO/KPO Parks to generate
employment. The Proposed Zone Park shall include Solar PV Panels with
battery backup and could be located on roof top of Standard Factory Buildings
(Captive Power) and cater to the total electricity requirement of the Zone on
24X7 basis. The Zone shall have staff and employee quarters- Industrial
Township concept.
Project Size USD 5.0 Mn and above for IT / KPO / BPO in Major Districts
USD 30.0 Mn and above for Export Processing Zones / Parks within a
minimum of 125 Acres excluding captive Solar PV Power Project
Proposed Procurement Investment Model
Process Foreign Direct Investment on a Public Private Partnership Basis

Planned Start Date Project can be initiated with immediate effect, by submission of a proposal to
the Board of Investment of Sri Lanka with documentary evidence on availability
of funds to undertake the Project Development
Project Documentation Project application – pre-feasibility report etc
Land could be allocated depending on the availability within the particular
District
Current Status Initial Project Concept – Investor / Developer – to contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Financing Amount & Sizable plots of land could be identified and allocated depending on
Structure Required investment and employment criteria

Existing Policy, Institutional 1. The Investor / Developer shall develop & operate the Industrial Zone /
Frame Work and concessions Park together with the development of internal roads, electricity and
to be offered water supply facilities within the Zone.
2. Applicable Tax Concessions shall be granted by the Board of Investment
of Sri Lanka.
3. Duty free facilities can be given for the importation of equipment,
Building Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI
Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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G. MANUFACTURING SECTOR

16 - PROJECT PROFILE - Investment Opportunity in Manufacturing Pharmaceutical

Products for the Local and Export Market
Sector Manufacturing Pharmaceutical Products for the Local and Export Market

Geographical Location A suitable land to be identified from among the available lands from BOI
Land Data Base

Responsible Agent(s) Ministry of Health , Central Environmental Authority , Environmental

Department of BOI, Water Board

Project Description & The Government of Sri Lanka has spent US$ 372 Mn. on importation of
Rationale /Objectives Pharmaceutical and Medical Products in 2013. The estimated cost of locally
manufactured pharmaceutical products in 2013 was approx. US$ 40 Mn. This
was 8% -10 % from the total requirement. Therefore there is an opportunity for
manufacturing pharmaceutical product for the national requirement.
Accordingly the special incentives have been granted to manufacture
pharmaceutical products as import replacement for the country in budget
proposal 2012.

Project Size USD 25.0 Mn and above

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of Sri
Institutional Frame Work Lanka.
and concessions to be b. Clearance shall be facilitated with the assistance from Ministry of Health to
offered maintain quality and standards of the manufactured items.
c. Duty free facilities can be given for the importation of equipment, Building
Materials etc. under the BOI Incentives

Planned Start Date Project can be initiated with immediate effect, with the submission of a proposal to
the Board of Investment of Sri Lanka

Project Documentation Project Proposal & Application, Site Application, Letter of Approval,
Approval from Ministry of Heath, Agreement with the BOI and enterprise.

Current Status Around 90 % from the national requirement of pharmaceutical product

has to be imported. A potential market demand is available for locally
manufactures.
Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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17 - PROJECT PROFILE – Manufacturing Healthcare Supplements /
Cosmetic Products
Sector Manufacturing

Geographical Location A suitable land to be identified from among the available lands from
BOI Land Data Base
Responsible Agent(s) Investor, BOI, UDA, Ministry of Health

Project Description & Manufacture of Healthcare Supplements / Cosmetic Products.

Rationale /Objectives

Project Size USD 5.0 to 25 Mn or above

Proposed Procurement Investment Model

Process a. Foreign Direct Investment, or
b. Joint venture arrangement with any Composition

Planned Start Date Project can be initiated with immediate effect, by identifying a suitable land
within a SEZ or within a proposed Pharmaceutical Zone and submission of a
proposal to the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment or
any composition of Joint Venture between Local & Foreign Investors to set up
Projects within Sri Lanka. The Project Company shall qualify for applicable
incentives under the Board of Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project.

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Clearance shall be granted by the Ministry of Health to maintain standards
offered of the manufactured products.
c. Duty free facilities can be given for the importation of equipment, Building
Materials etc.. under the BOI Incentives

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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18 - PROJECT PROFILE – Value Added Rubber Industry

Sector Manufacturing

Geographical Location A suitable land to be identified from among the available lands from
BOI Land Data Base

Responsible Agent(s) Investor, BOI, UDA and other relevant Line Ministry / Agency

Project Description & Value added Rubber Products i.e. Tyres, Tubes, rubber based Motor Spare Parts, rubber
Rationale /Objectives based toy products etc. for export market under Free Trade Agreement between
Sri Lanka and India / Sri Lanka and Pakistan

Project Size USD 5.0 Mn and above

Proposed Procurement Investment Model

Process a. Foreign Direct Investment

Planned Start Date Project can be initiated with immediate effect, by the investor by identifying a
suitable land within Hambantota Port or depending on Investor Interest
and submission of a proposal to the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited for Foreign Direct Investment or
any composition of Joint Venture between Local & Foreign Investors to set up
Projects to cater manufacturing of Rubber Based Products for export Market.
The Project Company shall qualify for applicable incentives under the Board of
Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project.

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Duty free facilities can be given for the importation of equipment, Building
offered Materials etc.. under the BOI Incentives

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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19 - PROJECT PROFILE - Manufacture of Textile Accessories
Sector Manufacturing

Geographical Location A suitable land to be identified from among the available lands from
BOI Land Data Base

Responsible Agent(s) Investor, BOI, UDA and other relevant Line Ministry / Agency

Project Description & Manufacture of Textile accessories

Rationale /Objectives Sri Lanka has a well develop Garment Industry and as such Potential Investors
/ Developers are invited to invest in the manufacture of textile accessories to
cater to the Garment Industry within Sri Lanka.

Project Size USD 5.0 Mn and above

Proposed Procurement Investment Model

Process Foreign Direct Investment

Planned Start Date Project can be initiated with immediate effect, by the investor by identifying
a suitable land depending on Investor Interest and submission of a
proposal to the Board of Investment of Sri Lanka.

Project Documentation Potential Investors / Developers are invited to invest in setting up of Company
to cater to the proposed Project within Sri Lanka. It is preferred that such
Company is located within Private lands or within an available SEZ’s land. The
Project Company shall qualify for applicable incentives under the Board of
Investment of Sri Lanka.

Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of
Institutional Frame Work Sri Lanka.
and concessions to be b. Duty free facilities can be given for the importation of equipment, Building
offered Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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20 - PROJECT PROFILE - Woven Fabric Manufacturing Plant (Textile
Manufacturing) cluster
Sector Woven Fabric Manufacturing Plant (Textile Manufacturing) cluster
Geographical A suitable land to be identified from among the available lands from
Location BOI Land Data Base

Responsible Ministry of Industry & Commerce, BOI, UDA

Agent(s)
Project Description To set up a textile mill for manufacture of woven fabrics to meet the annual
& Rationale / demand of 1,000 million meters of textile materials requirement of this
Objectives country. Presently the Country imports nearly 80% from abroad.
Project Size USD 10.0 Mn and above
Proposed Investment Model
Procurement Process a. Foreign Direct Investment,

Planned Start Date Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Project Potential Investors / Developers are invited to invest in setting up of a Company

Documentation to cater to the proposed Project within Sri Lanka. It is preferred that such
Company is located within an Industrial Estate.
The Project Company shall qualify for applicable incentives under the Board of
Investment of Sri Lanka.
Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project

Existing Policy, a. Applicable Tax Concessions shall be granted by the Board of Investment of Sri
Institutional Frame Lanka.
Work and concessions b. Duty free facilities to be given for the importation of equipment, Building
to be offered Materials etc.. Under the BOI Incentives.

Contact Person Mr. Vidharshan Fernando, Actg. Executive Director (Special Projects), BOI

Phone : +94112427000 Facsimile : +94112346090 Email Address : [email protected]

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H. ANNEXES A
1. Expressions of Interest (EOI) Submission Format
Any Company or a Party who is interested in any Project listed in this document should submit the
Completed EOI to the Executive Director (Investment Promotion), Board of Investment of Sri Lanka, Level
26, West Tower, World Trade Center, Echelon Square Colombo 01, Sri Lanka.

If more than one Proposal is received for one single project, the proposals would be ranked on the
receiving order. Duly Completed Expression of Interest (EOI) should be sent by Facsimile to
+94112346090

GENERAL INFORMATION

Name of the Party / Company:

Project Profile No :

Project Details :

Contact Details

1 Head Office Address

2 Telephone Contact

3 Facsimile Email

4 Place of Incorporation / Year of Incorporation / Registration

Registration
5 Main lines of Business

1. Since:

2. Since:

6. Scope of Participation

Authorized Signatory:-
Signature: _____________________

Name: _____________________

Position: ______________________ Date: ____________________

Company Stamp

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