Four new economic zones will be established in the Western and Wayamba Provinces and Hambantota and Trincomalee, and investment and production zones currently operating under various institutions will also be included in them, disclosed President Ranil Wickremesinghe, during his 2023 Budget speech in Parliament today (14).
A special legal framework will also be formulated in this regard, the President said, adding that these economic zones shall be of at least 1000 acres each, for not only manufacturing industries but also agriculture and tourism promotion will be carried out in these zones.
MIAP
