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Auromatrix plans resort in Sri Lanka
Chennai based Auromatrix Holdings plans to set up a resort at Passekudah, Sri Lanka.
The company has set up Auro Lanka Hotels & Resorts (ALHP) to implement the project. ALHP will develop a 50-villa boutique resort with an investment of $ 4.5 million (approx Rs 21 crore). It will be a beach resort with individual and clusters of two and four villas.
Preparatory work has started with the project is to be completed by December 2011.
Source: Hindu Business Line