BOI working closely with Al Obaidani Apparel to ensure continuity of operations in SL

Thursday, 11 May 2023 00:30 - - {{hitsCtrl.values.hits}}

Investment Promotion State Minister Dilum Amunugama in discussion with Obaidani Apparels Ltd., Managing Director Khalfan Al Obaidani yesterday

The Board of Investment (BOI) yesterday reiterated that it continues to stand by its investors throughout their investment lifecycle, noting that an impartial investigation is underway to inquire into the incident in Katana.

“BOI wishes to acknowledge the contribution made by Obaidani Apparels Ltd., which has carried the ‘Made in Sri Lanka’ brand to the world, secured much-needed dollars for the country, and employed hundreds of employees for over seven years of operations in Sri Lanka,” the BOI said.

Strongly condemning the recent incident which occurred at the Obaidani Apparels factory at Katana, the BOI said active communication has been established with respective law enforcement agencies to ensure the security and well-being of the Omani investors and factory premises.

“An impartial investigation is underway to inquire into the incident and action will be taken based on the findings. Whilst the company has suspended its operations temporarily, necessary arrangements are being made to provide an alternative site for the company to continue its operations uninterruptedly,” the BOI statement added.

As the apex agency that facilitates investors and investments, the BOI said it continues to stand by investors throughout their investment lifecycle providing unrelenting assistance for investment projects.