Sri Lanka’s Bondville to set up new factory in Gonapola to manufacture bonded garments for export.
The Morning: The latest venture undertaken by Bondville Manufacturing (Pvt.) Ltd. to set up a new factory in the Gonapola area to manufacture bonded garments for export purposes, is set to use bonding techniques to join fabric panels, as opposed to using needles and thread as the main joining method.
The agreement in this regard was signed recently at the Board of Investment (BOI) Head Office in the presence of the Bondville management and the BOI officials. This new BOI project will create more than 1,000 direct and indirect job opportunities during the first year.
Bondville is an innovative bonded apparel manufacturing company, led by dynamic and diverse professionals with years of experience. The priority of the company is to provide innovative and high-quality solutions to customers in the evolving bonded apparel space. Moreover, the company is currently working with global apparel brands such as Victoria’s Secret, American Eagle, Oysho, Intimissimi, Panty Promise, PSD, Blanqui, Inactivators, and Hwameei.
“Bonded garments have evolved by abandoning the sewing techniques of using needles and thread as the main joining method. Over the last five years, brands in the global garment industry have started increasingly relying on bonding techniques to join fabric panels, create hems and incorporate features like pockets and patterns,” said Bondville Managing Director Pahan Vithanage.
“Hence, Bondville has heavily invested in its R&D and innovated this technology with great confidence as a full garment solution provider, capable of delivering the bulk of these bonded products in an externally short time limit. Our state-of-the-art bonding products have been proven in some of the latest designs by leading apparel brands for body wear, intimate apparel, and technical outerwear,” Vithanage underscored.
Commenting on the project, BOI Chairman Raja Edirisuriya stated: “In the context of the technological advancement taking place at present, it is high time and imperative for local industries to embrace a cutting-edge strategy aligning with international benchmarks to avoid being isolated in the global business arena.”
“As such, Bondville’s new venture is a classic example of matching with the global benchmark, which will help Sri Lanka sustain its unblemished image in the global garment sphere in a more effective manner. Besides, the skill matrix of hi-tech apparel manufacturing solutions created with this project will help create a unique ecosystem in Sri Lanka that many global manufacturing destinations will find hard to match,” the BOI Chairman added.
Meanwhile, BOI Director General Renuka M. Weerakone opined: “The purpose of the FDI attraction is not only earning dollars, but uplifting human capital, which will enormously contribute toward technology skill and knowledge enhancement of Sri Lankan youth.”
OSL take:
Sri Lanka’s apparel industry is one of the fastest growing industries in the country. The steady growth recorded by the local apparel industry has resulted in businesses engaged in the industry looking at further expansions due to the growing business potential. Sri Lanka’s manufacturing and exports sectors continue to record growth and profits even amidst challenging economic conditions. The many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s exports sector, especially the apparel industry. Foreign businesses/investors could therefore explore the growing opportunities in Sri Lanka’s apparel industry. They could also look at forming partnerships or joint ventures with local businesses engaged in the apparel industry to expand operations. Foreign businesses could also explore opportunities in the manufacture and supply of raw materials required by the apparel industry.
| Article Code : | VBS/AT/19102022/X_5 |