In line with the government’s policy of developing regional industrialization, the Board of Investment (BOI) of Sri Lanka recently entered into a supplementary agreement with Jay Jay Mills Lanka, to lay foundation to an initial investment of US$ 4 million to establish operations in the Kappalthurai Industrial Zone in Trincomalee.
The agreement, which was signed by Sanjaya Mohottala, Chairman, BOI and B. Srikumar – Managing Director, Jay Jay Mills Lanka will boost much needed economic activity and generate employment opportunities for local communities in Eastern Sri Lanka. A subsidiary of Jay Jay Mills India, this is the fifth expansion project of its kind for Jay Jay Mills Lanka, which was established in 2000.
Located across manufacturing facilities in the Seethawaka Export Processing Zone, and Matara Kekanadura, Moneragala and Mannar, this foray into Trincomalee will enhance its capacity to fulfill requirements of its world-renowned customers such as Tesco, M&S, Mothercare, Gerber, Target, Garan and Walmart, who have contracted with Jay Jay Mills to source orders for their global infant apparel category.
In addition to its presence in Sri Lanka, its operations are also located in Bangladesh, India and Ethiopia.
“We are deeply grateful and encouraged by the enterprising strides taken by Jay Jay Mills Lanka to establish operations in territories that require a much-needed infusion of economic activity and technical skills enhancement. Sri Lanka has no shortage of a rich reserve of intelligent talent that can be tapped across the country. We are happy therefore to see companies with an international footprint introducing themselves to these communities and investing in their future through gainful employment that will ultimately support the improvement of rural infrastructure and livelihoods,” BOI Chairman said.
More News:
New Kelani Bridge almost complete – Min. Johnston Fernando
The Quote:
“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill
