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BOI, Concord sign up for footwear manufacturing plant 

24 Oct 2021

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Concord Footwear (Pvt.) Ltd., a new company under the Concord Group. The agreement was signed by Board Members Dr. Harsha Cabral and Sanjay Kulatunga on behalf of the BOI and Concord Apparel (Pvt.) Ltd. Managing Director Prasanna Jayasinghe. BOI Chairman Sanjaya Mohottala said: “As we congratulate Concord Group for their foray into footwear, we thank them for taking initiative to capture significant potential in rural Sri Lanka and contribute to drive the Sri Lankan economy. With Sri Lanka’s availability of required raw materials on island and trainable and talented workforce across the country, we are confident that this will provide gainful opportunities for Concord and the social and environmental landscape it operates in.” This footwear manufacturing operation will be established in the Ulapane Industrial Zone. This footwear unit will, through state-of-the-art technology, manufacture safety shoes for international markets. The company plans to employ around 350 employees from within the locality, with a view of sourcing and upskilling rural talent and providing meaningful employment through necessary vocational training. Foreign expertise will initially be relied on for the manufacture of its shoe uppers, until local capability is developed in the short term. The company thereafter aims to expand coverage to include operations for a complete footwear product range. Concord Footwear (Pvt.) Ltd. is the latest enterprise of the Concord Group which was established in 2000. In Sri Lanka, it employs over 5,000 associates across four companies and five factories, which are ISO 9000, 14000, and SA8000 certified. It has also received other certifications, including Green Gold Certification for Sustainability for one of its facilities, and also supplies around two megawatts of solar power to the national grid from rooftop solar installations. The group also has an established regional presence in Myanmar and Bangladesh.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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