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M&S eyes investment in Lankan garment sector
Nov '15
British multinational retailer Marks and Spencer (M&S) has shown interest in investing in Sri Lanka's garment sector. Its CEO Marc Bolland expressed confidence that his company will make a big investment in garment sectors of this country, according to media reports.

Bolland made this declaration during a high level discussion held with Sri Lanka's Finance Minister Ravi Karunanayake in London recently.

Bolland said Marks and Spencer was prepared to give priority to Sri Lanka when investing in the garment industry and several other fields. He said Sri Lankan employees in the garment industry had shown exquisite performance and skills when compared to their counterpart in other countries.

Marks and Spencer has over 1300 stores around the world. The company has overseas sourcing offices in Malaysia, Hong Kong, Thailand, India, Bangladesh, Turkey, China, Italy, Indonesia and Sri Lanka. (SH)

Fibre2Fashion News Desk – India

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