$ 100 m investment for Tulhiriya industrial zone

VISIT: Minister of Enterprise Development and Investment Promotion Dr. Sarath Amunugama has visited Thulhiriya Industrial Zone recently. MAS Holdings, the world class apparel exporter in Sri Lanka intends to set up the first Apparel and Fabric Park in the island at the more than 150- acre industrial site at Thulhiriya.

The Government of Sri Lanka entered in to an agreement with MAS last year to purchase the former Kabool Lanka site and the government handed over the site to MAS.

MAS has developed the Thulhiriya Industrial Zone as "MAS Fabric Park" and expects to attract investment in excess of $ 100 million, namely in knit fabric manufacture, fabric printing, embroidery and washing and drying to be a world class competitor in South Asia.

MAS will generate 3,000 jobs over the next three years through projects in Thulhiriya . "DOGIFA" the first of such projects to manufacture wrap knit fabric, investing $ 30 million, joint venture between "Dogi" of Spain and "EFA" of USA (Elastic Fabric of America) and MAS Holdings.

Dulindra Fernando, CEO, MAS Fabric Park gave a presentation about their projects to brief the Minister and he also spoke of some of their difficulties with the Minister. During this visit on behalf the government, Dr. Amunugama pledged to assist them to achieve their targets in Sri Lanka.