May 05, Colombo: Sri Lanka's leading apparel exporter, Brandix, has opened its long-awaited 1000-acre Apparel City Monday at Vishakhapatnam in India.
The Brandix India Apparel City (BIAC) managed as a special purpose vehicle by Brandix Sri Lanka is estimated to generate employment for 60,000 people on full occupancy and see an investment of nearly USD 100 million.
BIAC has been established under the Indian government's scheme for integrated textile parks where the government provides up to 40 percent of the cost of setting up the park.
BIAC is designed to serve as a one-stop shop for end-to-end apparel solutions. Based on a breakthrough 'Fibre-to-Store' concept, it will house world-class apparel chain partners, from fibre to manufacturing to supply, all in one locale, offering real time connectivity with seamless integration of the industry, Brandix says.
According to Brandix, the BIAC's Special Economic Zone (SEZ) comprises of 749 acres and the non-processing zone covers the balance of another 251 acres of land. The first phase of the park, once completed would see a US$ 51 million investment on capital expenditure, making it one of the most sophisticated apparel parks in the world, with in-built water and effluent treatment facilities.
Out of the 40 textile parks taken up by the Indian Ministry of Textiles throughout India, Brandix project is the largest.