Details

PROJECT PROFILE - Woven Fabric Manufacturing Plant (Textile
Manufacturing) cluster
Sector Woven Fabric Manufacturing Plant (Textile Manufacturing) cluster
Geographical
Location
A suitable land to be identified from among the available lands from
BOI Land Data Base
Responsible
Agent(s)
Ministry of Industry & Commerce, BOI, UDA
Project Description
& Rationale /
Objectives
To set up a textile mill for manufacture of woven fabrics to meet the annual
demand of 1,000 million meters of textile materials requirement of this
country. Presently the Country imports nearly 80% from abroad.
Project Size USD 10.0 Mn and above
Proposed
Procurement Process
Investment Model
a. Foreign Direct Investment,
Planned Start Date Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project
Project
Documentation
Potential Investors / Developers are invited to invest in setting up of a Company
to cater to the proposed Project within Sri Lanka. It is preferred that such
Company is located within an Industrial Estate.
The Project Company shall qualify for applicable incentives under the Board of
Investment of Sri Lanka.
Current Status Initial Project Concept – Investor / Developer could contact the Board of
Investment of Sri Lanka for further details regarding the proposed Project
Existing Policy,
Institutional Frame
Work and concessions
to be offered
a. Applicable Tax Concessions shall be granted by the Board of Investment of Sri
Lanka.
b. Duty free facilities to be given for the importation of equipment, Building
Materials etc.. Under the BOI Incentives

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