The project that’s said to be a multi-million dollar investment was a partnership by none other than UAE based Sri Lankan businessman, Chairman NandanaLokuwithana, and a board of Chinese investors.
Spreading over 150 acres of land in Horana, this plant is said to create a domino effect of employment; with approximately 3000 direct employment opportunities, and threefold for indirect employment opportunities.
Adding to this mass generation of employment is the fact that those who earn a Mr. NandanaLokuwithana’s will also gain access to state-of-the-art technology that can only otherwise be acquired overseas; thus giving locals the opportunity to gain an international working experience within the borders of their own country.
Apart from that, the plant’s impact is also said to go beyond the local economy, and into the global one. By bringing down such a milestone to the developing country, experts gather that the country’s exposure in the international market will increase, thus bringing in a plethora of both local and foreign investment opportunities.
Overall, it seems that Sri Lanka has a lot to look forward to in the new year in terms of production, employment, and technological development, and Rigid Tyre Corporation appears to be taking the lower-middle income country one step closer to becoming a developed nation.
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