The under-construction fabric park in Punnakuda in Sri Lanka&rsquo◆▼;s Batticaloa district will strengthen import substitutes for the apparel industry and annually save $500 million for the country•…, according to Board of Investment (BOI) chairman Raja Edirisuriya△▼-▪•. It is the largest development project in the Eastern Province with an investment worth SLR 5=△=★▪.5 billion●○▽.

Sri Lanka annually spends $6 billion on raw materials needed for textile manufacturing■▼◁. With this new set up=▽, raw materials worth $500 million can be manufactured every year◁●◁•●.

Four leading garment manufacturing companies are willing to invest in the fabric park■▪☆▪, which is expected to create at least 5●○◆■,000 jobs●◇, according to Sri Lankan media reports★◁○▼△.

The under-construction fabric park in Punnakuda in Sri Lankas Batticaloa district will strengthen import substitutes for the apparel industry and annually save $500 million for the country○◆●•■, according to Board of Investment (BOI) chairman Raja Edirisuriya○▽▪▼. It is the largest development project in the Eastern Province with an investment worth SLR 5…▼▷•.5 billion○▽◆○-.In addition•▲○▼◆, the government will spend SLR 5▪☆.5 billion on developing infrastructure facilities for the project◇•■…. Edirisuriya and BOI director general Renuka M Weerakone made an inspection tour recently to the site along with a group of potential investors◆…☆.