Hayleys, Brandix Lanka link-up to develop India’s Brandix Apparel
City
Hiran H.Senewiratne
SIGNING CEREMONY: Deputy Chairman Hayleys Mohan Pandithage, Chairman
Hayleys N.G. Wikcramaratne, CEO Brandix Lanka Ashroff Omar, Director
Brandix Lanka Udena Wickramasooriya at the signing ceremony. Picture
by Herbert Perera
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MoU: Two of Sri Lanka’s most respected business groups, the
multinational Hayleys conglomerate and Brandix Lanka, the country’s
largest apparel exporter, signed a Memorandum of Understanding (MoU) to
collaborate in the development of Brandix Apparel City in India.
Under the agreement, Logiwiz, the Hayleys Group’s third party
logistics specialist will design, construct and manage a 20-acre central
logistics hub for the 1000- acre Brandix Apparel city at Atchyuthapuram
in Andra Pradesh providing a comprehensive logistics solution for the
park’s manufacturing entities, CEO- Brandix Lanka Ashroff Omar said.
Addressing media after signing this milestone agreement Omar said
that Logiwiz’s proven expertise in end-to-end logistics would be key to
the smooth functioning of the Brandix Apparel City, one of the largest
and most advanced manufacturing parks in the world that envisages a
fiber-to-store model for some of the world’s top apparel manufactures.
He said that Apparel City, the first of its kind in India and perhaps
the world, is expected to be ready for occupation in August 2007, by
which time the bulk of infrastructure requirements under the first phase
of the project would be in place. Omar said this would enable to plug
and place solution for Brandix and focus on the core business without
considering logistics.
Hayleys Chairman N.G.Wickremeratne said that his group was pleased to
have been selected as the logistics partner for this bold and visionary
venture, which would lead to a supply chain solution that redefines real
value in the apparel business.
“There are synergies and similarities between Hayleys and Brandix
that will do justice to this mega undertaking in India, he said.
Wickremeratne said the Hayleys Group is Sri Lanka’s first
multinational and understands the factors that make expansion beyond the
country’s borders imperative to maximize returns to the national
economy. |