Colombo’s determination on Eravur material processing park hailed

2020/11 19 08:11

Pic: Shutterstock


The Sri Lankan cupboardā€™s determination to arrange a material processing park in Eravur as a strategic growth undertaking underneath the ministry of industries has been welcomed by the Joint Attire Affiliation Discussion board (JAAF), the apex physique of the attire trade within the nation. The 275-acre plot positioned within the Batticaloa district will likely be a devoted material processing zone.

Sri Lanka imported 255,437 metric tonnes (MT) of cloth each for export-oriented attire producers and home consumption in 2019 spending $2.2 billion. The park will assist cut back such material import, in line with media experiences within the nation.

There are seven textile mills manufacturing material for export-oriented items. Each day output of those mills is round 175 MT and that is important half element within the constructing the trade worth addition to over 52 per cent even after accounting for the yarn imports of the native mills. Gross sales from these seven material mills to the registered attire exporting corporations amounted $499 million in 2019.

5 new corporations have expressed curiosity to arrange textile crops within the new zone.

Development within the new zone is scheduled to begin early subsequent yr and by early 2022, manufacturing from the brand new mills will begin.

Fibre2Fashion Information Desk (DS)


The Sri Lankan cupboard’s determination to arrange a material processing park in Eravur as a strategic growth undertaking underneath the ministry of industries has been welcomed by the Joint Attire Affiliation Discussion board, the apex physique of the attire trade within the nation. The 275-acre plot positioned within the Batticaloa district will likely be a devoted material processing zone.




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