Lanka’s Brandix to set up fabric mill in Andhra

Lanka’s Brandix to set up fabric mill in Andhra
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First Published: Wed, Apr 04 2007. 01 12 PM IST
Updated: Wed, Apr 04 2007. 01 12 PM IST
PTI
Colombo: Sri Lanka’s biggest clothing exporter Brandix has joined hands with Ocean Lanka, the island’s largest knit fabric manufacturer to set up a $20 million (Rs85.8 crore) knit fabric mill in Andhra Pradesh.
Incorporated as Ocean India, the mill will serve the needs of apparel manufacturing units at the Brandix Apparel City in Andhra Pradesh and will be the largest knit fabric mill in the South Asia region, a joint statement said.
The joint venture comes weeks after Brandix inked a pact with Sri Lanka’s Hayleys Group to set up a $15 million central logistics hub for the Apparel City.
Over the last three years it has invested $66 million and in the last year alone the Group has invested more than $25 million to expand its Sri Lankan operations, with investments of $35 million in the pipeline.
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First Published: Wed, Apr 04 2007. 01 12 PM IST