Sri Lanka’s Board of Investment (BOI) will set up a garment park in Eravur in Batticaloa district to produce raw materials—including artificial and natural textiles—for the apparel industry. BOI director General Sanjaya Mohottala said import of needed raw material has stopped because of the COVID-19 pandemic and resulting lockdowns across the world.
Positive foreign investor response has been received for the park, said the ban, which has acquired a 200-acre land for the park.Sri Lanka's Board of Investment (BOI) will set up a garment park in Eravur in Batticaloa district to produce raw materials—including artificial and natural textiles—for the apparel industry. BOI director General Sanjaya Mohottala said import of needed raw material has stopped because of the COVID-19 pandemic and resulting lockdowns across the world.#
Sri Lanka’s annual export earnings are $12 billion out of which $5.7 billion comes from apparel exports. Over 300 garment factories employ over 300,000 workers while a million people in the garment industry earn livelihoods through indirect employment.
Mohottala urged domestic manufactures to understand the situation and focus on alternative products like personal protective equipment to thrive during the current crisis, according to media reports in the country.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
