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Classic Garments plans expansion with Rs 5 mn as investment
03
Aug '10
Classic Garments (Pvt) Ltd is looking forward to developing its factory and also intends to spend Rs 5 million towards acquisition of modern machineries. As the company has received good number of orders this year, it's looking forward towards capacity enhancement to the extent of 20 percent, so as to accomplish these targets, said Classic Garments (Pvt) Ltd, Managing Director, Ranjith Tissera.

Sri Lanka is moving ahead to a new era and with this the apparel industry is also advancing further wherein, they will have ample of possibilities for them, said Tissera. He further noted that, the apparel industry finds immense market exposure, mainly in European and American countries. Also, the demand for seasonal textile that they receive each year is commendable.

Tissera stated that, as illustrated by the demand for their products, it follows that buyers hold a good repute for them, and this has been made possible as they have persistently sustained excellent levels of productivity, quality and on-time delivery for over years.

The country has the calibre to excel even in absence of General System of Preference (GSP+) concession. This GSP+ actually was an additional facility bestowed upon the industries in case they choose to explore the world markets, informed Tissera further adding that, it is not always possible to rely on such concessions.

Sri Lanka benefits from the economical and industrious labour. Tissera, said that comparatively, they benefit from cheap labour, but then the industries do afford these labourers with a reasonable remuneration higher than the one offered by the neighbouring countries.

Fibre2Fashion News Desk - India

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