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DateLine Sunday, 18 May 2008

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Brandix goes East with BOI project

A new factory will be set up under the Negenahira Navodaya, President Mahinda Rajapaksa's program to develop the Eastern province.

The investing company, the Brandix Group, opted to set up this new project which was part of the BOI's effort to attract much needed investment in the region.

The complex will be built at Rideetenna, Welikanda in Punani by the Brandix Group, a leading manufacturer of garments and textiles in Sri Lanka.

The total investment of this project would be around Rs. 340 million and it will generate 455 direct employment opportunities at the initial stage.

This will increase to 2500 at capacity. This project will be set up on a 10 acre land mainly owned by the Mahaweli Authority of Sri Lanka which was handed over to Brandix.

The Eastern Province needs investment to build its local economy and create new opportunities for the people living in the area.

Minister of Disaster Relief Services Ameer Ali and senior officials of Brandix, the Mahaweli Authority and the BOI participated in the foundation laying ceremony.

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