Home / Knowledge / News / Apparel/Garments / BOI to set up hosiery manufacturing facility at Ratnapura
BOI to set up hosiery manufacturing facility at Ratnapura
15
Dec '08
BOI signs agreements for eight new projects worth USD 43 million including a USD 36 million development project at Ratnapura

The Board of Investment of Sri Lanka granted investment approval for eight new projects representing a total worth of USD 43.71 million. Board members Mr. Eshana de Silva and Mr. Upali Samaraweera signed the agreements and formally presented the BOI Certificate of Registrations to the investors.

Peoples Leasing Property Development Limited signed an agreement to set up a mixed development project located in Colombo 8. Peoples Leasing Property Development Limited, a subsidiary venture of Peoples Leasing Co. Limited is an initial investment of US $ 5 million. The 12 storeyed building will house the Head Office of the group and also a Peoples Bank Branch with two ATM machines will be established in the Ground Floor. Construction of the complex will begin this month and is expected to be completed within two years. Chairman of Peoples Bank and Peoples Leasing Group of Companies Mr. W. Karunajeewa and Mr. D. P. Kumarage, CEO/GM of Peoples Leasing Co Limited signed the agreement on behalf of Peoples Leasing Property Development Limited.

An agreement to set up a project to manufacture hosiery and fine hosiery for export was signed with Finetex (Private) Limited. Finetex is an investment made by Sebino/Viscotex, Italy. Sebino/Viscotex, Italy is one of the largest manufacturers of socks and hosiery in the world. The company has a history of over 50 years and has a reputation for manufacturing fine quality ladies stockings. The venture first invested in Sri Lanka 25 years ago with the establishment of Texlan, Filotex and Texlan Centre. The new project is an investment US $ 1.5 million generating employment for 150. The Directors of the company are Mr. P. A Berterali, Mr. S. T. Nagendra, Mr. Dinal Peiris and Mr. C. L. K. P Jayasuriya.

F & G Realtors International (Private) Limited signed an agreement to set up a mixed development project at Ratnapura. The mixed development project is a joint venture between F & G Property Developers (Pvt) Limited, The Finance & Guarantee Co Limited and F & G Real Estate Co Limited.

Golden Dragon Agri Export (Private) Limited signed an agreement to set up a US $ 150,000 agriculture farm to grow fruits including noni fruits, dragon fruits, vegetables and flowers for export.


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search