Tuesday Nov 05, 2024
FT
Tuesday Nov 05, 2024
Thursday, 7 July 2022 00:05 - - {{hitsCtrl.values.hits}}
Showcasing the extent the Board of Investment (BOI) is widening its projects, the Stylish Garments Ltd., unveiled its sixth BOI approved factory in Ambalangoda which manufactures children’s wear jerseys, including school uniforms targeting only the international market.
The Stylish Garments is a renowned garment manufacturer and exporter of jersey knit and lighter woven apparel products.
The latest project, which is a $ 3.5 million investment, is to generate 500 employment opportunities for people living in the south and other parts of the country. Moreover, the products are slated to be exported to the UK and Europe.
The agreement in this regard was signed recently at the BOI Head Office in the presence of BOI Director General Renuka M. Weerakone.
Remarking on the project, Weerakone said: “A project of this nature should be recognised owing to the fact that it depicts the vibrant and vivid expansion of BOI projects, which has now started to reach the rural areas. Besides, the new venture will uplift the livelihood of the people living in the Ambalangoda area plus become a crucial source of bringing dollars to the country in a situation where the country is in dire need of dollars.”
Stylish Garments Founder and Chairman Leelaratne Hattanarachchi expressed the view that he was so determined to launch new projects irrespective of present challenges because such new projects would bring dollars to the country.
“That’s the very reason why I ventured to start operations at this new factory by turning the advantage of this crisis to ourselves,” Hatanarachchi emphasised. “At the same time, we do appreciate the support rendered by the BOI at this critical juncture and look forward to their support in future too,” he added.
