Star Garments Group opens 11th factory in Sri Lanka’s Buttala area
Star Garments Group (Star), which is a leading global manufacturing company, has reportedly established a state-of-the-art factory in the Buttala area in Sri Lanka.
The factory is expected to promote inclusive growth and support Sri Lanka’s efforts in uplifting regional economies.
According to reports, this is the group’s 11th factory in Sri Lanka and will go on to provide job opportunities for over 1,000 people.
The facility is equipped with modern infrastructure and technology to produce cut and sew knit clothing to some of the world’s renowned brands and is to generate over Rs. 60 million directly to the local community monthly and facilitate the country’s export revenue by contributing around US$ 12 million annually, local media reports stated.
Komar President and CEO Charles Komar has stated, “This investment reaffirms our long-term commitment to Sri Lanka’s apparel industry and paves the way towards stimulating economic empowerment among rural towns and villages. This is undoubtedly the future of the industry and we are inspired to be a part of this. We are challenging the status quo by going beyond conventional thinking to embrace a culture and philosophy where corporate responsibility including sustainability produce both thriving communities and successful enterprises.”
Local media reports have further stated that Star has been a catalyst in the growth of Sri Lanka’s apparel sector with over four decades of experience and that the world-class apparel sourcing, design and manufacturing company currently employs a team of over 8,000 people across all its factories as well as holding a distinctive reputation of being one of the most innovative and sustainable entities in the country.
Also, the company’s 70,000 sq. ft innovation centre was named the 2020 Merit Award Winner for Sustainability at the AIA New York’s annual Design Awards and is the first Passive House design in Southeast Asia.
Star Garments Group Managing Director A. Sukumaran has been quoted as saying, “We believe the future of the apparel industry in Sri Lanka lies in establishing purpose-driven infrastructure within communities, be it towns or villages, breaking away from the traditional norm of being based in industrial parks. This will spur inclusive economic growth which is highly beneficial to the country in many aspects. Our Star factory at Buttala reflects our intention and passion in this regard.”
Star is a Komar company, a global apparel products company, specializing in the design, marketing, sourcing and distribution of sleepwear, loungewear, intimates, and layering products.
OSL take:
The recommencement of economic activities in Sri Lanka following the Covid 19 lockdown has resulted in the expansion of business/investment opportunities in the country. Several key economic sectors have shown positive expansions resulting in new business/investment opportunities. The opening of another apparel factory is indicative of the business potential in the manufacturing and exports sectors. Sri Lanka’s exports sector continued operations even during the Covid 19 lockdown. Also, the many trade agreements as well as trade concessions enjoyed by the country have helped Sri Lanka’s manufacturing and exports sectors. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s manufacturing and exports sectors.
| Article Code : | VBS/AT/20210406/Z_1 |