Home / Knowledge / News / Apparel/Garments / Withdrawal of GSP+ not deterring investors
Withdrawal of GSP+ not deterring investors
Feb '10
Just days after the European Union decided to withdraw preferential trade benefits or GSP+ as it is called; the Board of Investment (BoI) has given approval to investors to set up garment factories in the island country.

Boi has given the go-ahead to a Hong Kong based company; Interfashion Limited, which will invest Rs 35 million to manufacture high-value ladies formal wear for Marks & Spencer and Tesco.

The production capacity of the plant will be 60,000 pieces per month and the factory will be located at Nuwara Eliya in the central hills. It will initially provide employment to around 250 workers which is expected to be scaled up to 1,200.

Boi has also approved investment of Trendywear Adhikarigama which will invest Rs 315 million to set up a plant to produce and export high fashion ladies garments, with a production capacity of 120,000 pieces a month.

The company will provide initial employment to around 1,000 people and at full capacity will be employing more than 1,500 workers. Trendywear has four other garment manufacturing units employing 3,000 people.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search