Milas Fasshion, a subsidiary of Sri Lanka Design Studio Group, has reached an agreement with the Sri Lanka Investment Board to set up a new clothing manufacturing factory in the northern Welioyas province.
Local reports said that the factory is divided into two phases and is an investment plan costing US$3 million, including the most advanced machinery, automation and technology, which, once completed, will create 1,200 jobs.
DesignStudioGroup has factories all over Sri Lanka and Bangladesh, supplying many clothing brands in the UK and Europe, including Asos, Primasdfssdfsrk, Next, RiverIslasdfssdfsnd, etc.
Clothing is Sri Lanka’s largest export item. Since 1992, the clothing industry has been the largest source of foreign exchange earnings.
In the first half of 2020, affected by the COVID-19 epidemic, Sri Lanka’s textile and clothing exports fell by nearly 30%, leading to an overall decline in exports.
Sri Lanka has recently been hit by the second wave of the new crown epidemic. Clothing and textile exports may be slightly more than 4 billion US dollars by the end of 2020, compared with 5.3 billion US dollars in the previous year. A reduction of approximately 24.5%. </p
