spot_img
spot_img
Bruckner Textile Machinery
Ready To Show textile and Fashion Expo
spot_img

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

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img

Related News

YKK Unveils Innovative Zipper to Boost Garment Recycling

NATULON Plus® with Recycled PET Open Parts to be...

EURATEX and AMITH Sign Memorandum of Understanding to Strengthen Euro-Mediterranean Partnership in the Textiles industry

Today, EURATEX (the European Apparel and Textile Confederation) and...

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the...

Reju Opens Regeneration Hub Zero, Its First Textile-to-Textile Hub, in Frankfurt, Germany

Rejuâ„¢, the progressive textile to textile regeneration company has...

CARBIOS Appoints Tommy Maussin as Chief Marketing Officer

CARBIOS, (Euronext Growth Paris: ALCRB), a pioneer in the...

Uzbekistan and Poland Discuss Expanding Textile and Technology Collaboration

A delegation from Uzbekistan, comprising representatives from the Ministry...

Danish Company NewRetex Develops Fully Automated Sorting System for Textile Waste

NewRetex launches a ground-breaking, fully automated sorting system for...
×