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SRI LANKA: Warp knit fabric project to boost local apparel sector

COLOMBO: The first warp knit project in South Asia was opened by President Mahinda Rajapaksa at Thulhiriya on Friday in the MAS Fabric Park (MFP).

The first project at the premises is Asia's first high quality warp knit operation DOGIFA. It is a joint venture between global warp knit specialists Dogi International fabrics of Spain and MAS Holdings with a US$ 30 million investment.

The facility will cater to the increased demand for warp knit fabric in the region driven by the growth in Intimate Apparel, Swimwear and Sportswear markets. The project will help the country to compete with China.

Sri Lanka exports more than China to most of the top brands in the world and has to import all raw materials as the warp knit fabric is not available locally. Therefore launching this project in Sri Lanka will strengthen the apparel sector and help it compete with China.

The addition of DOGIFA to Sri Lanka's supply chain portfolio increases the competitiveness of the local industry, while its strategic location at MFP adds value with a two-hour access to all major garment manufacturers catering to international markets.

Spanning across 165 acres MFP at full capacity it will house 10 facilities and is designed to attract textiles, accessories and apparel manufacturers into Sri Lanka, thereby positioning the country's apparel sector as a one-stop-shop for apparel solutions.

Designed by international experts, MFP conforms to the specifications of the United Nations Environmental Program, Global Compact and the United Nations Economic and Social Commission for Asia and the Pacific.

Source: Agencies • News Courtesy: BharatTextile.com