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DateLine Sunday, 2 March 2008

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BAM Knitting invests $3 million on modern plant

BAM Knitting (Pvt) Ltd opened its state of the art dyeing and knitting facility at the MAS Fabric Park in Thulhiriya yesterday. With an initial investment of US$2-3 million, the investment will increase up to US$ 5 million in the next phase, said Chairman, BAM Holdings B. A. Mahipala.

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Rs. 20m profit targeted from banana exports to ME

CIC Agri Businesses targets a profit of Rs. 20 million this year from its exports of banana to the Middle East markets, said CEO, CIC Agri Businesses, Keerthi Kotagama. He said the company started cultivating on an 80-acre block in Palwehera last year and earned Rs. 15 million from exports.

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SAFTA ministerial meeting to focus on implementation

The South Asian Free Trade Agreement annual Ministerial meeting will focus on the administration and implementation of the agreement, said Director General, Department of Commerce Manel Silva. She said this year's meeting will be important as many issues pertaining to enhancing trade among member countries will be discussed.

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