Home / Knowledge / News / Textiles / Sri Lanka's investment board signs pacts worth $60.86 mn

Sri Lanka's investment board signs pacts worth $60.86 mn

27
Nov '18
Sri Lanka
Sri Lanka’s Board of Investment (BOI) recently signed $60.86 million worth investment agreements with local and foreign investors in apparel, logistics, plant tissue culture and packaging sectors. The largest such project was signed with W U S Logistics (Pvt) Ltd to set up a logistics city in Negombo with a committed investment of $49.8 million.

The logistics city will include warehousing facilities, cold room facilities, in-house value addition and multi country consolidation services, auditorium, business communication centre, exhibitions centre, logistic education centre and research & development facility, according to Sri Lankan media reports.

The BOI also signed a $3.5-million agreement with First Steps Babywear Lanka (Pvt) Ltd to set up a plant in Modarawila Industrial Estate, Panadura, to manufacture garments and other textile products, especially baby wear, for export.

Y.C.G Packaging (Pvt) Ltd signed an agreement worth $7.6 million to manufacture garment accessories like hand tags, price tickets, over riders bands, body card, colour bands, body bands, label PVC, satin labels, size labels, booklets and packaging boxes. (DS)

Fibre2Fashion News Desk – India


Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2019

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


Advanced Search