Pakistan’s Service Industries in shoe factory with Sri Lanka’s Almar
ECONOMYNEXT – Pakistan-based Service Industries and Sri Lanka’s Almar group said they have invested in an export shoe factory in an industrial zone in the island, targeting the UK market.
Service group Chief Executive Omar Saeed said in a statement that Sri Lanka was chosen to set up a factory due to world-class logistics, a skilled workforce and foreign investor friendly policies.
Almar group joint managing director Amanda Weerasinghe said the two organizations have worked together in the past.
Service Shoes Lanka (Private) Ltd, in Sri Lanka’s Katunayake export processing zone will start operations in November and plans to expand exports to 10 million US dollars an year with 500 workers by 2018.
Service Industries has interests in footware, retail, tyre and auto parts. Almar, founded by Sri Lanka based entreprenuer Ally Weerasinghe is in international trade, manufacturing and renewable energy. (Colombo/Oct24/2015)