Omega Line Ltd., a completely owned subsidiary of Italy’s Calzedonia Group, has opened a garment manufacturing unit in Sri Lanka’s northern town of Vavuniya, in response to the Sri Lankan Government’s call for support to the once conflict-affected northern part of the country.
The new garment unit, the seventh factory of Omega Line in Sri Lanka, has been set up with foreign investment of about US$ 150 million, Calzedonia group founder Sandro Veronesi said, according to Sri Lanka’s Department of Government Information.
At the inauguration of the new garment unit, Sri Lankan President Mahinda Rajapaksa said the Government’s focus was to rebuild the northern region and bring it at par with other areas of the country.
He said the present economic growth rate of 22 percent in the northern region is much greater than the national average growth rate of 8 percent.
The new garment unit in Vavuniya will employ about 3,000 people, of which 350 have already been recruited.
The products manufactured at the new unit would be sold in over 11,000 outlets worldwide.
Calzedonia was founded in 1986 in Vallese di Oppeano with an aim to create a new way of selling hosiery and beachwear for women, men and children, through a franchising sales network.
Currently, the company’s store network is present in most of the European countries.