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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