Lanka Sugar Refinery Company (Pvt) Ltd, will import raw sugar for refining to the local and foreign markets, a notice published under Sri Lanka's Strategic Investments Project Act said.
It will be at an industrial zone by the Hambantota port in Sri Lanka's South which has attracted several large investments.
Earlier reports said India's Shree Renuka Sugars will be build a 220 million Us dollar sugar refinery there.
http://www.lankabusinessonline.com/news/sri-lanka-gives-tax-breaks-to-us$220mn-sugar-refinery/654633916