Sri Lanka textile factory by Jay Jay Mills in Eravur zone

ECONOMYNEXT – Jay Jay Mills Lanka (Pvt) Ltd, a unit of Jay Jay Mills India, will set up the first factory in a dedicated textile manufacturing zone in Eravur, Baticaloa, the Board of Investment of Sri Lanka said.

The factory will has will be able to knit, dye and finish 50 tonnes of fabric a day at full capacity.

Jay Jay Mills has committed 35 million US dollars for the project which will be completed in three phases over five years, the BOI said. It will employ 460 workers.

The first phase is expected to start within two years.

Jay Jay Mills Lanka was set up 2004 to manufacture and export apparel.  It now has facilities in Avissawella, Matara, Monaragala, Trincomalee and Mannar with over 9,500 full-time employees.

Sri Kumar Managing Director of Jay Jay Mills Lanka said the company will increase domestic value addition by reducing imports for apparel.

“Further, this will enable us to improve service levels for our existing and future customers by enabling speed and flexibility, allowing us to win additional business which will greatly benefit the economy of Sri Lanka,” he said in a statement.

Producing textiles domestically will strengthen supply chains and will improve Sri Lanka’s position as a sourcing destination, BOI Chairman Raja Edirisuriya said.

“In the context of the current global conditions, disasters and pandemics are frequent and evident,” Edirisuriya said.

“Therefore, international leading brands always look for counter sourcing strategy, which is all about sourcing textiles and clothing from the country of manufacturing.”

Sri Lanka is currently facing the worst currency crisis in the history of the island’s intermediate regime central bank. But exports of apparel has been picking up. (Colombo/Sep16/2022)

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