Sri Lanka apparel initiative to create 25,000 jo - sportstextiles: Lea SportsTextiles

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Sri Lanka apparel initiative to create 25,000 jobs

20/08/2012

Sri Lanka's apparel industry has been given a boost following a $1 billion initiative to set up 100 factories, according to local press.

The Joint Apparel Association Forum (JAAF) deputy chairman Channa Palansuriya told the Business Times that one of the main aims was to reverse orders going to Bangladesh.

The project is expected to create 25,000 jobs, with most of the new factories located in the north and east of the country.

Mr Palansuriya said JAAF and the Treasury would be negotiating with the Asian Development Bank for funds that can be applied for by small and medium enterprises.


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