The Browns Group has signed an agreement with the Board of Investment of Sri Lanka to set up the newest and largest textile factory in Sri Lanka, with a strong focus on the future prospects of the apparel export sector.
Brown and Company PLC Group CEO T.J. The Board of Investment (BOI) agreement between Sanakan and BOI Director General Renuka Weerakoon was signed recently.
This is Rupees. 15.3 billion investment.
Today, the Sri Lankan garment and textile industry is the world's largest source of foreign exchange earnings of $ 5 billion, with an estimated expenditure of nearly $ 3 billion annually on imports of raw materials.
Therefore, investors are confident that this factory will be able to save a large amount of foreign exchange spent on the import of textiles for the garment industry.
The project, which will be launched in the Mahakandura area in Pannala in the Kurunegala District, is expected to create about 800 new jobs, according to Barners & Co.
Photo - Brown & Company PLC Group CEO T. Sanakan and BOI Director General Renuka Weerakoon with the relevant investment agreement
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