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Second MAS Fabric park launched in Giriulla, Sri Lanka
06
Jan '17
Courtesy: Mas Fabric Park
Courtesy: Mas Fabric Park
MAS Fabric Park, second industrial park of leading intimate apparel supplier MAS Holdings, has been opened in Giriulla, Sri Lanka and operations are expected to commence in it soon. Prime Minister Ranil Wickremesinghe ceremonially opened the park that is set up on the site of the former Kabul Lanka lace factory that was shut down over 12 years ago.

The park will require an investment of $28 million and is expected to create over 3000 direct employment opportunities.

The Government of Sri Lanka handed over the factory site to the company with the intention to accelerate the economic progress in all parts of the country. The park will feature state-of-the-art manufacturing technologies to develop products that can compete in the global market, according to Sri Lankan media reports.

A MAS Fabric Park is already operational in Thulhiriya since 2006 and the new park will replicate sustainable features and services of the former. These include water treatment and supply, various engineering services and uninterrupted power supply.

MAS Holdings collaborated with the Board of Investments (BOI) to set up and develop the park in Thulhiriya, thus becoming a successful public-private partnership of the country. (KD)

Fibre2Fashion News Desk – India


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