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
| On 20th Apr 2021
The Australian Human Rights Commission has released new human rights...
| On 20th Apr 2021
Egypt is going full throttle with the construction of a textiles...
A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...
One thing is certain, online sales will go up
Money never disappears-it just finds new opportunities
Farmers who produce seeds earn 50 per cent more
in 1962 in Agra, Guide Footwear manufactures men’s footwear for...
<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...
Dr. Vijaya Kumar
Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....
Freudenberg Performance Materials is a leading global manufacturer of...
From May 14 to 17, international exhibitors will present the entire...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Ramya Rao & Kavea R Chavali
<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to firstname.lastname@example.org.