Investment Development Authority to be established in Eastern Province: Governor


Eastern province Governor, Attorney-at-Law Rohitha Bogollagama said that an Investment Development Authority connected to the Central Government will be set up in the Eastern province, in order to encourage investments focused on economic development.

He went on to say that the numbers of investors visiting the Eastern province are rapidly increasing as well as investment opportunities have been launched by world famous multi-national companies in the East since the war has ended and due to the establishment of democracy in the country.

The Governor pointed out that the need of an investment development authority is necessary due to job opportunities generating from new construction work of corporations.

He also mentioned that through this authority a significant economic growth via the steady investments of the private sector can be achieved in the upcoming years. 

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