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. |