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New export-oriented BOI factory opens in Ambalangoda 

07 Jul 2022

  • $ 3.5 bn investment project to generate 500 jobs
Stylish Garments (Pvt.) Ltd. unveiled its sixth BOI-approved factory in Ambalangoda, which manufactures children’s wear jerseys including school uniforms targeting the international market. Stylish Garments is a garment manufacturer and exporter of jersey knit and lighter woven apparel products.  The latest project, which is a $ 3.5 million investment, is expected to generate 500 employment opportunities for people living in the South and other parts of the country. Moreover, the products are slated to be exported to the UK and Europe.  The agreement in this regard was signed recently at the BOI Head Office in the presence of BOI Director General Renuka M. Weerakone.  BOI Director General Renuka M. Weerakone stated: “A project of this nature should be recognised owing to the fact that it depicts the vibrant and vivid expansion of BOI projects, which has now started to reach the rural areas.”  “Besides, the new venture will uplift the livelihood of the people living in the Ambalangoda area plus become a crucial source of bringing dollars to the country in a situation where the country is in dire need of dollars,” she underscored.  Meanwhile, Stylish Garments (Pvt.) Ltd. Founder/Chairman Leelaratne  Hattanarachchi expressed the view that he was determined to launch new projects irrespective of the present challenges because such new projects would bring dollars to the country.  “That’s the very reason why I ventured to start operations at this new factory by turning this crisis to our advantage,” Hattanarachchi emphasised.  “At the same time, we do appreciate the support rendered by the BOI at this critical juncture and look forward to their support in the future too,” he added.


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