The Board of Investment of Sri Lanka (BOI) has welcomed the textile manufacturing project by Jay Jay Mills Lanka (Pvt) Ltd., which is the first project to be undertaken at the Dedicated Textile Manufacturing Zone in Eravur, Batticaloa with the ground-up development commencing at the site.
The facility will feature state-of-the-art technology with knitting, dyeing and finishing capacities of 50 tonnes of fabric per day– once in full operation– and is designed to adhere to the latest environmentally sustainable norms.
The company has committed US $ 35 million for the project and the facility is planned to be completed in three phases over five years.
The commencement of commercial operation of the first phase is expected to be within two years.
The new project is expected to generate 460 direct employment opportunities.
Srikumar, the Managing Director of Jay Jay Mills Lanka, said “The country as a whole will benefit from this project because a major portion of foreign exchange outflow on the importation of fabric can be curtailed to a considerable level by fulfilling the fabric demand of our Group consisting of ten manufacturing plants.”
“Further, this will enable us to improve service levels for our existing and future customers by enabling speed and flexibility, allowing us to win additional business which will greatly benefit the economy of Sri Lanka,” Srikumar pointed out.
Jay Jay Mills Lanka, the parent company of Jay Jay Textiles Lanka, was incorporated in Sri Lanka as a BOI Company and commenced commercial operations in the year 2004 by engaging in the manufacture and export of apparel.
The ultimate parent company, Jay Jay Mills India is a well-established textile and apparel manufacturer in India with over four decades of experience in the industry.
The company currently has an extensive network of operations in the country with facilities in Avissawella, Matara, Monaragala, Trincomalee and Mannar with over 9,500 full-time employees.
