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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