Sri Lanka’s MAS Holdings to expand in India with new Odisha facility

MAS Holdings wants to make an established beingness successful India and bolster its accumulation capabilities wrong the region.

The constitution of this works is anticipated to supply important benefits to MAS' broader network, predominantly based successful Sri Lanka, by fostering stronger determination collaborations that are conducive to maturation and concern prospects.

The institution plans to alteration the 60-acre tract into a broad apparel hub by collaborating with strategical partners to heighten its beingness successful the Indian authorities of Odisha.

The caller installation volition prioritise the manufacture of high-value apparel suited to some Indian and planetary markets.

The task is acceptable to capitalise connected India's robust manufacturing situation portion drafting upon MAS' established operational powerfulness successful Sri Lanka.

MAS India CEO Malik Ahamadeen said: "MAS is excited to instrumentality this important measurement successful creating a beardown apparel ecosystem successful the region. This is enabled by our extended acquisition successful managing holistic apparel concern zones successful Sri Lanka and bringing unneurotic cardinal partners on the apparel proviso chain."

MAS Holdings operates crossed 14 countries with a workforce of 100,000. The institution has grown its portfolio to see wearable technology, FemTech, start-ups, logistics, and cloth parks, successful summation to lingerie, sportswear, and swimwear.

The conglomerate besides has plan locations successful cardinal planetary benignant centres to enactment its expanded operations.

MAS GCEO Suren Fernando said: "This concern marks a important milestone successful MAS’ journey, and we are excited to leverage the immense concern opportunities the task presents. India has agelong been an integral portion of our operations, and with 25 years of acquisition operating successful India, we recognise the immense imaginable of the country’s manufacturing landscape, some for the planetary proviso concatenation and the rapidly increasing home retail sector."

In 2022, the institution revealed plans to summation its beingness successful South and Southeast Asia. The institution stated astatine the clip that it was connected way to importantly grow its accumulation capabilities successful India with plans to summation capableness twofold by the twelvemonth 2024.

In June past year, MAS signed a three-year-long proviso woody with US-based materials subject institution Ambercycle for its recycled polyester worldly Cycora.

In January this year, the Joint Apparel Association Forum (JAAF) revealed Sri Lanka’s apparel exports grew astir 5% reaching $4.7bn successful 2024 and exceeded $5bn erstwhile combined with nonstop textiles exports.

"Sri Lanka’s MAS Holdings to grow successful India with caller Odisha installation " was primitively created and published by Just Style, a GlobalData owned brand.