Home / Knowledge / News / Apparel/Garments / BOI Sri Lanka signs agreement with J&D Venture

BOI Sri Lanka signs agreement with J&D Venture

Jul '19
Pic: BOI
Pic: BOI
The Board of Investment (BOI) of Sri Lanka has signed a supplementary agreement with J and D Venture (Pvt) Limited to manufacture garment accessories such as stickers and body cards for export at their existing plant which is located in Katuwawala, Boralesgamuwa. Further, the agreement will also allow production of packaging items for export.

The agreement was signed on behalf of the BOI by Mangala Yapa, chairman of the board and on behalf of company by Seong Eun Lee and Seok Ok Jang, directors.

Lee and Jang invested in Sri Lanka as BOI projects, Da-Sung Industrial (Pvt) Limited and Jin-Sung Industrial (Pvt) Limited in 1993. They were pioneers of manufacturing woven labels in Sri Lanka. As operations started to grow, they invested in several other BOI projects manufacturing hand-tags, screen printing and embroidery garments.

“Having been born in South Korea, our countries have gone through similar modern histories, especially the fact that both have had to recover from an economically debilitating civil war. South Korea like Sri Lanka moved to propagate the manufacturing sector as a means to pull themselves out from hard times and become more economically self-sufficient. Even today, manufacturing alone accounts for about 40 per cent of South Korea's GDP and is extremely important for nations that are looking to develop their respective economies. I strongly hope to support the process of strengthening Sri Lanka's manufacturing sector by implementing some of the economic strategies that were used in South Korea and help Sri Lanka's wider economic ecosystem in the process," said Lee. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art &amp; Design in 1996....

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


Leave your Comments

April 2021

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

Advanced Search