Brandix Sri Lanka opens India Apparel Park, SL Investing in India

[Lankan Ranger]

Brandix Sri Lanka opens India Apparel Park, SL Investing in India

Brandix Sri Lanka inaugurated Brandix India Apparel City (BIAC), a 1000-acre apparel park at Vishakhapatnam in India on Monday.

Brandix was represented by its Board of Directors led by Group CEO Ashroff Omar and the Sector Director for BIAC Feroz Omar.

BIAC forges a strong link between the apparel and related ancillary manufacturing capabilities of Sri Lanka and India, and builds a vast pool of synergies that will add infinite capacity and depth to the South Asian region at a time when economies of scale are critical to growth.

The park is designed and constructed exclusively to accommodate top notch international apparel sector manufacturers.

It is one of the largest textile industry-specific special economic zones in the world, and the only one of its scale and concept in South Asia.

“Brandix’s philosophy is to be the preferred sourcing hub of South Asia,” in line with its overall objective of being a global competitor equipped with both vertical as well as geographical spread”, Omar said.

BIAC when fully occupied, will accommodate up to 20 apparel manufacturing plants, three fabric mills, eight accessories manufacturers and a finishing plant.

Brandix Sri Lanka Apparel City in India

* Twenty apparel manufacturing plants
* Three fabric mills
* Eight accessories manufacturers
* Finishing plant

Ancillary service providers including a centralized logistics facility are supported by the full gamut of infrastructure of power supply, water, communications, roads and worker facilities.

It will link global brands, manufacturing operations and service providers in a synergistic convergence that will consolidate the South Asian region’s strength as a major apparel hub.

BIAC has been developed as an ecologically sustainable site that features green infrastructure and sustainable designs. The park’s integrated green infrastructure and efficient engineering designs ensure that final construction maximizes eco-industrial balance and meets sustainability business objectives.

The pioneer of the concept of ‘total solutions’ in Sri Lanka’s apparel sector, Brandix is a preferred supplier to some of the world’s leading apparel brands, including Gap, Marks & Spencer, Victoria’s Secret, NEXT, Lands’ End, Abercrombie & Fitch, Old Navy and Tommy Hilfiger.

Sri Lanka Business News | Online edition of Daily News - Lakehouse Newspapers

 

[SpArK]

One more of the good news we have been hearing from the very long India srilanka relations.

 

[Isaq Khan]

Brandix Apparel City to attract Rs 5400 Cr

BS Reporter / Chennai/ Visakhapatnam May 4, 2010, 0:37 IST

CM Rosaiah inaugurates the park in AP Special Economic Zone

Andhra Pradesh chief minister K Rosaiah on Monday inaugurated the Brandix India Apparel City (BIAC) located in the Andhra Pradesh Special Economic Zone here.

The state government has allotted 1,000 acres of land for the project while the Centre has provided Rs 36 crore under the Union textile policy.

Speaking on the occasion, Rosaiah asked BIAC, promoted by Sri Lanka-based Brandix group, to fulfil its promise of providing employment to 60,000 people at the earliest.

He said the government was providing training to youth under Rajiv Udhyogsree to make skilled manpower available and had, so far, trained 1 million youth.

BIAC would have 20 apparel manufacturing plants, three fabric mills, eight accessories factories and one finishing plant. The apparel city would attract an investment of $1.2 billion (around Rs 5,400 crore), said Brandix group chief executive officer Ashroff Omar.

While two manufacturing units — Brandix Apparel India and Ocean India (US) — have already commenced exports, four others are at different stages of completion. These six companies, on completion, would cumulatively invest about $70 million (Rs 315 crore) for factory infrastructure development, he said.

Fabric companies like Fountain Set Holdings of Hong Kong, Pioneer Elastic India Quantum Clothing Indi (UK), DEB Fashion India and Seeds Intimate Apparel India have come forward to set up joint ventures in the BIAC.

Visakhapatnam would attract investments worth about Rs 68,000 crore over the next five years and see 71,000 new jobs being created. During the last three years, Vizag district attracted Rs 17,000 crore in different sectors, said K Lakshmi Narayana, major industries minister.

The Centre has sanctioned six integrated textile parks for Andhra Pradesh, including in Visakhapatnam, said Panabaaka Lakshmi, Union minister of state for textiles, adding this was the biggest textile park in Southeast Asia. “This year, the textile Budget is Rs 4,500 crore. The government has allotted Rs 397 crore to promote the integrated textile parks in the country,” she said.

Brandix Apparel City to attract Rs 5400 Cr


It will provide employment to 60,000 people

This proves India as a attractive investment destination. India Sri Lanka relations should be in positive direction like this.

 

[Lankan Ranger]

Sri Lanka Economy: Statistics

GDP - real growth rate:

6.8% (2010 est.)

GDP - per capita (PPP):

$4,500 (2009 est.)

Inflation rate (consumer prices):

3.4% (2010 est.)

Democratic Socialist Republic of Sri Lanka. Its strategic location makes it an important naval link between West Asia and South East Asia. Sri Lanka is a popular tourist attraction due to its landscape, beaches and tropical forests.

Direct flights to Sri Lanka are available from Asia, Europe and the Middle East.

The island has the credit of being the most literate nation amongst developing countries with 82% literacy rate.

Sri Lankan economy has registered a strong growth in the first decade of 21st century.

With an economy of $41.323 billion (2009 estimate) ($91.87 billion PPP estimate),[2] and a per capita GDP of about $4,300 (PPP), Sri Lanka has mostly had strong growth rates in recent years.