16 February 2012

Hirdaramani Group Invests $ 6.3mn In Asia's First Apparel Factory to Receive the Carbon Neutral Award

12th February 2012, www.nation.lk

Hirdaramani Group (HG), one of Sri Lanka’s largest apparel exporters, have invested US$ 6.3 million in their new factory ‘Mihila’ located at Agalawatte, the first apparel factory in Asia to receive the Carbon Neutral award, a senior official of the firm said. According to HG Director Aruna Kuruppu, the firm expects cost of production through the new plant would reduce by 15%- 20% monthly due to its eco-friendly construction that reduces water and energy consumption.


“This factory is also the first in Sri Lanka to receive the LEED certificate. Though this is more of Corporate Social Responsibility (CSR) project, in the long run it is going to be beneficial for the company as it will attract more customers and business partners due to this certification,” Kuruppu said.
He said, “Hirdaramani is also presently in the process of converting their factory based in Eheliyagoda as a Carbon Neutral factory, which will be completed within this year and plans to convert other factories under their holdings as Carbon Neutral in the future.”


“We have 18 companies here in Sri Lanka and two others in Vietnam and the Maldives. We will be converting each one of these in to carbon neutral factories in time to come,” Kuruppu said.
Meanwhile, Director of HG Nikhil Hirdaramani said that HG planned to invest US $5 million in opening a new factory in Vauniya in the near future, which would produce around 15, 000 pieces per day.

Related Info :

Sri Lanka Could Generate $100mn in Carbon Trading

1 comment:

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