Home / Knowledge / News / Apparel/Garments / New garment factory to come up in Sri Lanka's Wayamba
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


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search