SRI LANKA: First privately owned industrial fabric park

COLOMBO: MAS Holdings Inc. has launched the country’s first state-of-the-art, privately owned industrial fabric park - the MAS Fabric Park (MFP), in Thulhiriya. The inauguration is on Friday.

President Mahinda Rajapaksa will be the chief guest. The 165 acre MFP is designed to attract apparel, fabric and accessories manufacturers into Sri Lanka. The park will position the country’s apparel sector as a one-stop-shop for apparel solutions.

MFP’s shared infrastructure and services model facilitates businesses to commence operations with minimal investment of time and resources, a lean and cost competitive environment with a 90 minute location advantage to the port, single window of clearance for cargo, on-site BOI assistance and readily available pool of skilled human resources.

Designed by international experts, MFP is set in leisurely surroundings with a “green” belt to maintain ecological balance and includes provisions for dormitory and housing facilities with a capacity to house 300 persons.

The very first facility to be housed at MFP is DOGIEFA, a joint venture between global warp knit specialists Dogi International Fabrics of Spain, and MAS Holdings, which will also be ceremonially declared open at this event. DOGIEFA is the first high-quality warp knit operation in South Asia.

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.

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Added: October 16, 2007 Source: Agencies
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