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Jay Jay Mills to invest $ 4 m in Trinco 

06 Sep 2021

 
  • Signs agreement with BOI
  • Babywear manufacturing facility to come at Kappalthurai zone
The Board of Investment (BOI) of Sri Lanka has announced that it has entered a supplementary agreement with Jay Jay Mills Lanka to establish operations in the Kappalthurai Industrial Zone, Trincomalee.  This agreement was signed by BOI Chairman Sanjaya Mohottala and Jay Jay Mills Lanka Managing Director M.B. Srikumar, involving an initial investment of $ 4 million in accordance with the Government’s policy of developing regional industrialisation, and is expected to provide a much-needed boost to economic activity, generate employment opportunities for local communities, and extend international manufacturing expertise to Eastern Sri Lanka.  Speaking on this agreement, BOI Chairman Sanjaya Mohottala stated: “We are deeply grateful and encouraged by the enterprising strides taken by Jay Jay Mills Lanka to establish operations in territories that require a much-needed infusion of economic activity and technical skills enhancement. Sri Lanka has no shortage of a rich reserve of intelligent talent that can be tapped across the country. We are happy, therefore, to see companies with an international footprint introducing themselves to these communities and investing in their future through gainful employment that will ultimately support the improvement of rural infrastructure and livelihoods.”  With this expansion, Jay Jay Mills Lanka hopes to enhance its capacity to cater to the requirements of its world-renowned customers such as Tesco, M&S, Mothercare, Gerber, Target, Garan, and Walmart, who have contracted with Jay Jay Mills to source orders for their global infant apparel category.

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