Production at the Eravur Fabric Processing Park in Batticaloa district will commence within a year, according to Sri Lanka’s tourism minister Prasanna Ranatunga, who said he had instructed the Board of Investment to take immediate action in this regard. He recently inspected the construction of the park. Infrastructure development in this export processing zone is under way.
The government plans to set up the garment industry park on a 265 acres in the Eravur Punnakuda area.Production at the Eravur Fabric Processing Park in Batticaloa will commence within a year, according to Sri Lanka's tourism minister Prasanna Ranatunga, who said he had instructed the Board of Investment to take action in this regard. He recently inspected the construction of the park. Infrastructure development in this export processing zone is under way.#
According to the Board of Investment, this export processing zone comprising 10 factories will create about 5,000 direct and a large number of indirect jobs, the Board of Investment, which manages the internal development and management of the zone, said.
During his visit to the site, Ranatunga said investors should be offered the opportunity to build factories alongside infrastructure development, according to Sri Lankan media reports.
In contrast to 600 garment factories in the country, there are only six textile and raw material manufacturing factories, the minister pointed out.
Raw material procurement has turned tougher due to global competition. The new textile production park is expected to save around $500 million annually, he said.
Fibre2Fashion News Desk (DS)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
