Home / Knowledge / News / Apparel/Garments / Tristar Apparels to begin operations in east
Tristar Apparels to begin operations in east
04
Sep '09
Mr Kumar Dewapura
Mr Kumar Dewapura
A big apparel exporter of Sri Lanka, 'Tristar Apparel Exports' has set up a new 50,000 sq. ft. factory in Trincomalee, capital of Eastern province. The major baby-wear product of the company has remained unaffected by the economic slump, in terms of demand, said the chairman of Tristar.

The new manufacturing unit has got its first order of 500,000 pieces of baby-wear from UK's Debenhams. Presently, the company has many orders from the UK, informed Mr. Kumar Dewapura, Chairman, Tristar Apparel Exports.

The company that also manufactures fashion garments has many orders due to its low prices and high efficiency. Apparels can be produced at the right price, provided you have tight control on cost and operations, he said.

About 50 percent of the company's 15 factories across the island manufacture baby-wear and since these are basic products of clothing, they have not witnessed any sort of demand plunge in the key markets of west, added Mr. Dewapura.

He further said that baby-wear products always witnesses demand and is also a volumes business and the fashion garments business of the company also remained unaffected, since those who can afford, will always buy, irrespective of recession.

The company was also unfazed by Sri Lanka's prospect of losing duty-free access to the EU markets under GSP Plus due to the allegations of human rights abuses as the export of baby-wear to UK is duty-free, informed the Chairman.

The EU is reviewing the GSP Plus program given to Sri Lanka, and would be renewed subject to, compiling with the criteria on goods governance, work ethics, and environmental protection. This program is up for renewal by year end.

Companies get a five-year tax holiday when a factory is up in trouble-prone areas. The company has received a loan of 50 million from the investment promotion agency and Board of Investment, to build a factory.

Cost of the factory is Rs. 75 million without land, which has been leased from the government, and more than Rs. 100 million has been spent on machinery by the firm. The factory will provide employment to about 1000 youth, majority of whom will be girls.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rajiv Sirohi
Shara

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

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search