The UK-based De La Rue Currency and Security Print Ltd has opened its new and expanded currency printing facility at the Biyagama Free Trade Zone on Monday.
De La Rue's facility in Sri Lanka has been in operation for several decades and prints currency notes and security documents in collaboration with the Sri Lanka Treasury.
The Deputy Minister of Finance Dr. Sarath Amunugama addressing the gathering at the opening ceremony said Sri Lanka has become the best investor friendly country of the world with the conclusion of the war and investors around the world have expressed their willingness to invest in Sri Lanka.
James Hussey Chief Executive Officer of De La Rue who met President Mahinda Rajapaksa at the Temple Trees yesterday said that with the opening of the new extension, Sri Lanka has displayed to the world that a suitable environment prevails for enterprises.
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Acting British High Commissioner, Mark Gooding, who recently visited the country's North to explore investment opportunities, said the UK and Sri Lanka currently enjoy strong commercial links. There are over 207 British companies operating in Sri Lanka with an estimated investment of 429 million dollars, Gooding noted.
The new facility with state-of-the art equipment in printing is an investment of 30 million dollars. De La Rue plans to base its entire South and South East Asian operations in Sri Lanka generating over 150 new jobs.
De La Rue is the world's largest commercial security printer and a leading provider of cash sorting equipment and software solutions to central banks world wide.
(Picture by Sudath Silva)
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