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New garment factory to come up in Sri Lanka's Wayamba
11
Sep '14
Mr. Jayaweera (R) and Ms. Mathrage (3rd from R)
Mr. Jayaweera (R) and Ms. Mathrage (3rd from R)
A new garment factory will come up in Wayamba region of Sri Lanka as the Board of Investment (BOI) of Sri Lanka has signed an agreement for investment of US$ 1 million with Alpine Clothing Nikeweratiya Pvt Ltd., as reported by news.lk

The new garment factory is expected to become operational by end of March 2015. It will have about 250 modern machines and initially about 500 people will be employed at the manufacturing unit. The factory is currently under construction with state-of-the-art facilities.

Later on, the management of the company will consider expansion of the factory by adding 500 machines which will create about 1,000 new employment opportunities during the first two years of operation.

At the new factory, Alpine Clothing will manufacture womenswear for export to European markets.

The BOI has encouraged this venture as it will benefit the Wayamba regional economy and create jobs for its unemployed youth.

The Chairman of BOI, Dr. Lakshman Jayaweera signed the agreement, on behalf of BOI, and the director of Alpine Clothing Nikeweratiya, Ms. Punsisi Parakramahewa Mathrage signed on behalf of the company. (GK)

Fibre2fashion News Desk - India

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