Bingiriya Export Processing Zone set to create 75,000 jobs
President Ranil Wickremesinghe inaugurated the second and third phases of the Bingiriya Export Processing Zone, aiming to transform Bingiriya into a major economic hub.
The expansion is set to generate an estimated USD 2,600 million in export revenue and create 75,000 job opportunities, the President’s Media Division said.
The President emphasized the government’s commitment to enhancing the export economy, manufacturing, tourism, technology sectors, and modern agriculture.
He highlighted that the Bingiriya Investment Zone, established in 2018, is a cornerstone of this vision. The newly inaugurated Dongxia Industrial amp; Commerce Co. Ltd., part of the expansion, currently employs around 400 people, underscoring the zone’s potential for job creation and economic growth.
During the inauguration, President Wickremesinghe discussed plans to elevate Bingiriya, Dummalasuriya, and Madampe to metropolitan standards.
“Through the development of this entire investment zone, 75,000 job opportunities can be created. Additionally, Iranavila, Bingiriya, and Chilaw are to be developed as tourist areas, with plans to build a golf course in the Iranavila area. There is also a focus on creating an IT zone and utilizing the estate of the Chilaw Plantation Company for an agricultural modernization program,” President Wickremesinghe said