The newly built Fabric Park, which is yet to be operational in Punnakuda, Batticaloa (Sri Lanka), is said to save US $ 500 million annually for the country and strengthen import substitutes for the Sri Lankan apparel industry.
The same was endorsed by Raja Edirisuriya, Chairman, Board of Investment (BOI), Sri Lanka following an inspection visit to the Fabric Park recently.
The Park, which is spread over 255-acre land, is equipped with all facilities as it has been designed using the latest technology in an environment-friendly manner and has the potential to establish eight to ten large-scale factory complexes.
“This will be the largest development project in Eastern Province with investment worth Rs. 5.50 billion on infrastructure facilities and other development purposes. Four leading garment manufacturing companies are willing to invest,” commented Raja.
It’s worth noting here that Sri Lanka annually spends over US $ 6 billion on raw materials needed for textile manufacturing. With this Textile Park, raw materials worth the US $ 500 million can be produced domestically.
It’s estimated that around 5,000 job opportunities would be created once the Park becomes operational.
“Sri Lanka is a country that has received much acclaim and a strong reputation worldwide for manufacturing high-quality apparels trusted by iconic global fashion brands. Taking this into account (annual imports of US $ 6 billion), the attention of the Board of Investment (BOI) was drawn to set up the Textile Park in Punnakuda, Batticaloa to manufacture textile raw materials on the Island itself,” concluded Raja.
Bharat Tex Special Report 2026 
