Manufacturing of textile accessories in Sri Lanka for export

Manufacturing of textile accessories in Sri Lanka for export

Investment opportunity: overseas investors are invited to invest in the manufacture of textile accessories, to cater to the rapid growth forecasted in the well-established Garment Industry (apparel industry) of Sri Lanka.

This growth may be further propelled in the future by the lifting of the EU ban.

Location of the proposed production facility: the choice of using a suitable private land or using land allocated in the SEZ.

Value of investment: USD 5 million

Method of investment: foreign direct investment.

Commencement date: investor could start on project ASAP with BOI approval.

Tax concessions applicable: board of investment concessions/duty free facilities for the importation of equipment, materials etc.

OSL Take:

The investor-friendly policies introduced by the unity government is encouraging investors from world over and the garment (apparel) sector happens to be one of the largest contributors to the local economy.

Hence, investors are rest assured of the fullest support from the government to encourage this type of investment.

Potential overseas investors should contact the biz-friendly OSL Team for more details and the way forward.

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SECTOR : Manufacturing & Engineering

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