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T&FG to invest in two apparel factories in Sri Lanka
Jan '12
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.

Fibre2fashion News Desk - India

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