Interviews
T&FG to invest in two apparel factories in Sri Lanka
09 Jan '12
1 min read
Sri Lanka's leading apparel manufacturer Timex and Fergasam Group (T&FG) will be investing US$ 5 million for setting up two factories in the northwestern Mannar district of the country.
In fact, by setting up apparel production units in the district, T&FG would become the first Board of Investment (BOI) approved apparel producer to penetrate in Mannar.
T&FG is among the top five leading apparel producers in Sri Lanka, and is also a winner of the 2006 NCE Export Award and the All Star Award 2007.
The proposed factories would be the 17th and 18th production units of T&FG.
The project would be undertaken in two phases, and on commencement, the first factory would lead to generation of 1,200 jobs, while the second would create 800 jobs.
Presently, T&FG employs over 8,000 workers in its 16 production facilities spread across the world, with offices in Hong Kong and the UK.
The first facility coming up in Mannar is likely to commence operations by mid-October, this year.
In fact, by setting up apparel production units in the district, T&FG would become the first Board of Investment (BOI) approved apparel producer to penetrate in Mannar.
T&FG is among the top five leading apparel producers in Sri Lanka, and is also a winner of the 2006 NCE Export Award and the All Star Award 2007.
The proposed factories would be the 17th and 18th production units of T&FG.
The project would be undertaken in two phases, and on commencement, the first factory would lead to generation of 1,200 jobs, while the second would create 800 jobs.
Presently, T&FG employs over 8,000 workers in its 16 production facilities spread across the world, with offices in Hong Kong and the UK.
The first facility coming up in Mannar is likely to commence operations by mid-October, this year.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Dr. Michael Duetsch & Man Woo Lee
UPM Biochemicals and Dongsung Chemical
Kailash K Lalpuria
Indo Count Industries Limited
Anita Dongre & Yash Dongre
House of Anita Dongre Limited
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
