22 September 2009

German/Hong Kong Apparel Manufacturing Venture in Sri Lanka to Commence Operations in October 2009

22nd September 2009, www.news.lk

The Board of Investment of Sri Lanka granted investment approval J C R Garment Limited to commence operations. Mr. Dhammika Perera, Chairman / Director General signed the agreements on behalf of the BOI and formally presented the BOI Certificate of Registration to the investors.

J C R Garments signed an agreement for a project to manufacture garments for the export market. The project is an investment sponsored by investors from Germany and Hong Kong for an investment of US $ 265,000. The apparel company will be manufacturing shirts and blouses for export markets in Central Europe, Switzerland and Australia. The venture is expected to commence operations in October.

Mr. Johannes Hille, Director of J C R Garments stated that “ Skills Level of the Sri Lankan workforce is of high standards while quality of products manufactured in Sri Lanka is much better compared to products manufactured in other countries in the region”. He also noted the Sri Lanka has a strategic location which enables access to international markets.

Mr. Sarath De Costa, Chairman / Managing Director and Mr. Johannes Hille Director of J C R Garments (Private) Limited signed the agreement on behalf of the company.

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