Brandix and Ocean Lanka in US $ 20 million joint venture
Sri Lanka’s apparel sector giant Brandix will
collaborate with Sri Lanka’s largest knit fabric manufacturer Ocean
Lanka to invest US$ 20 million in a joint venture knit fabric mill
at the Brandix Apparel City (BAC) in Andhra Pradesh, India.
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Rs. 1.4 m fillip for SME development in South
In a bid to promote micro, small and medium
sector enterprises and boost economic development in the Southern
Province, President Mahinda Rajapaksa presented Rs. 1.4 million to
the Ruhunu Chamber of Commerce for industry and agriculture.
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‘Lanka zooming in on USD 2 billon investment target’
Foreign investments in pharmaceuticals, tourism,
gems and jewellery, IT, fisheries, apparel and hydropower industries
will enable Lanka to reach the USD 2 billion investment target this
year, Enterprise Development and Investment Promotion Minister, Dr.
Sarath Amunugama said.
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