Brandix scores big in India
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CEO of Brandix
Ashroff Omar
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Visiting Minister State for Commerce of India, Jairam Ramesh said
Brandix Lanka was the most non-controversial company to set up business
in the Indian Special Economic Zones. (SEX)
Brandix invested US $ 50 million to set up business in Vishakapatnam,
India in the 1,000-acre park two years ago.
Some of the investors who had invested in SEZ had run in to
controversies. "We were very proud to hear when the Minister said that
Brandix was the most non controversial entity in the zone," CEO Brandix
Ltd, Ashroff Omar said.
He said that they would invest up to US$ 600 to 700 million for their
Indian operations within the next five years. "Total employment would
reach 60,000 in five more years," he said.
Brandix is Sri Lanka's largest apparel exporter with an annual
turnover that exceeds USD 320 million. We provide employment to over
20,000 associates and generate indirect employment to an equivalent
number.
Brandix also provides over 50% of value addition locally through our
backward-linked operations in textiles, thread, buttons, and hangers.
He said they would be manufacturing fabric and yarn in India.
SS
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