Sri Lankan Prime Minister declares open DAG Apparel garment factory
Sri Lankan Prime Minister declares open DAG Apparel garment factory in Uva Province

Sri Lankan Prime Minister declares open DAG Apparel garment factory in Uva Province

Sri Lanka’s Prime Minister Mahinda Rajapaksa has last week declared open the DAG Apparel Garment Factory in Moneragala in the country’s Uva Province.
DAG Apparel Ltd. has reportedly set up this new garment factory with an investment of Rs. 500 million and has created 600 direct jobs.
The new garment factory is expected to earn Rs. 3.5 billion a year from readymade garment exports, according to local media reports.
The Prime Minister after inaugurating the new garment factory had also observed its production activities.
DAG Apparel Ltd. Managing Director Gamini Keerthiratne and Board Members Dinuka Srimal, Nipuna Githmal, Shanika Kariyawasam and Suneth Gayashan, had accompanied the Prime Minister on an inspection tour of the new garment factory.
Sri Lanka’s Ministers Wimal Weerawansa and Dullas Alahapperuma, State Ministers Shasheendra Rajapaksa and Vijitha Berugoda, MPs Kumarasiri Ratnayake and Dr. Gayashan Navananda, former Minister Sumedha G. Jayasena and former MP Padma Udayashantha Gunasekara were also present on the occasion.

OSL take:

Sri Lanka’s industries sector is back on track after the temporary setback suffered during the global Covid 19 pandemic. Investment projects in the country’s industries sector are ongoing as is evident by the recent opening of a new garment factory. All economic sectors in the country are now operating full force opening up new business/investment opportunities. Also, Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region.

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Article Code : VBS/AT/20210315/Z_5

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