Jay Jay Mills Lanka undertakes maiden project at Eravur zone with US$ 35mn investment

Jay Jay Mills Lanka (Pvt) Ltd has undertaken the first project at the dedicated textile manufacturing zone in Eravur, Batticaloa with the construction of a state-of-the art facility with an earmarked investment of US$ 35 million. 

The facility will feature state-of-the-art technology with knitting, dyeing and finishing capacities of 50 tonnes of fabric per day once in full operation and is designed to adhere to the latest environmentally sustainable norms, the Board of Investment (BOI) said in a statement.

The Company has committed US$ 35 million for the project and the facility is planned to be completed in three phases over five years. Commencement of commercial operation of the first phase is expected to be within two years. The new project is to generate 460 direct employment opportunities.

Jay Jay Mills Lanka, the parent company of Jay Jay Textiles Lanka, was incorporated in Sri Lanka as a BOI company and commenced commercial operations in the year 2004 by engaging in the manufacture and export of apparel. 

The ultimate parent company, Jay Jay Mills India is a well-established textile and apparel manufacturer in India with over four decades of experience in the industry and with this investment, the company plans to bring that expertise to Sri Lanka.  

The company currently has an extensive network of operations in the country with facilities in Avissawella, Matara, Monaragala, Trincomalee and Mannar with over 9,500 full-time employees.

“The country as a whole will benefit from this project because a major portion of foreign exchange outflow on the importation of fabric can be curtailed to a considerable level by fulfilling the fabric demand of our Group consisting of ten manufacturing plants,” Jay Jay Mills Lanka Managing Director Srikumar said.

“Further, this will enable us to improve service levels for our existing and future customers by enabling speed and flexibility, allowing us to win additional business which will greatly benefit the economy of Sri Lanka,” he added. “Jay Jay Mills, has been at the forefront in the textile and yarn manufacturing in the world and their decision to invest in Sri Lanka signifies that the country is recognized as a destination, with 360 percent facilitation of apparel manufacturing in the world,” BOI Chairman Raja Edirisuriya said.

“Furthermore, this will also provide a solution for the much-needed import substitute strategy implementation of the BOI and the Government of Sri Lanka,” he added   The 300-acre dedicated textile manufacturing zone in Eravur, was established by the government of Sri Lanka as a strategic development project to enhance the textile manufacturing footprint in the country.