Minister of Finance Mangala Samaraweera says, industrial development will be brought about in the Northern Province.
Funds have been set aside for industrial development activities to be implemented through 50 cooperatives, which will include oil mills, dry fish production and fruit drinks.
100 million rupees has been allocated for the Achchuweli Industrial Zone.
Development work of the Myladi Fisheries Harbour – which provided one third of the fish harvest of the country in the past – has been completed.
The Minister expressed these views participating at a ceremony to declare open the Kumara Ananthan Memorial Swimming Pool, at Valvettithurai.
The Minister also noted, the loans of 45,000 women – obtained from micro financing companies – have been written off. A sum of 1.4 billion rupees has been spent in this regard.