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UK-based Claudia to manufacture apparels under BOI
10
Nov '09
The Board of Investment of Sri Lanka granted investment approval for Claudia International Limited to set up a project to manufacture garments for export. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Michael Moniatis Chairman of Claudia International (Pvt) Limited.

The venture will be operating a garment manufacturing plant in Boralesgamuwa and will be providing employment for over 500 workers with an investment of over US$ 1 million. Products manufactured will be exported to the European Market and Ladies Fashion blouses and skirts will be the main products manufactured by the company.

Mr. Michael Moniatis has extensive experience in the apparel trade having been involved in manufacturing, design development, marketing, supplying to leading European retailers and running his own store group in the UK. His intention is to improve the design capabilities in Sri Lanka which will be an advantage in securing orders from leading European Buyers. To achieve this purpose he together with his UK Company will share the vast expertise they have in this area.

More Fashion oriented orders will be planned for the Factory in Sri Lanka and the project is expected to be fully operational within the next 6 months. Mr. Michael Moniatis, Chairman signed the agreement on behalf of Claudia International Limited.

Board of Investment of Sri Lanka

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