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Industry News
Hayleys, Brandix to build $15 mn logistics hub in Apparel City, Andhra Pradesh
Say Govt. needs to push private firm expansions overseas
Sri Lanka needs to push local companies to expand overseas in achieve the targets it has set, a head of a multinational conglomerate said yesterday.
The private sector needs to not only operate within Sri Lanka, but to ensure development of the country they need to move overseas because it is only those who work and compete with global products who could survive in the market, Hayleys Ltd. Chairman N.G. Wickremeratne said. These observations were made following the signing of an MoU between Hayleys and Brandix to develop Apparel City in India.
This would also provide increased opportunities to add to the country’s foreign remittances, generate more employment, provide new exposure and skills development to Sri Lankans, he explained.
It is in this respect, he emphasized on the need for the government to ensure that the private sector moves overseas to achieve the growth targets it has set out for the country.
Meanwhile, Hayleys and Brandix Lanka, signed a MoU to collaborate in the development of Brandix Apparel City, a vertically-integrated apparel manufacturing park in India.
The logistics hub that will be designed, constructed and managed by Logiwiz, the Hayleys Group’s third party logistics specialist and is estimated to cost US$15 million (about Rs.1.6 billion).
This will be located in a 20-acre central logistics hub for the 1000-acre Brandix Apparel City in Andhra Pradesh, providing a comprehensive logistics solution for the park’s manufacturing entities.
Brandix CEO Ashroff Omar highlighted this as a huge step taken by the company with Logiwiz’s proven expertise in end-to-end logistics key to the smooth functioning of the Brandix Apparel City which envisages a ‘fibre-to-store’ model for some of the world’s top apparel manufacturers.
The state-of-the-art hi-tech logistics hub that Logiwiz India will set up at Brandix Apparel City will facilitate the flow of materials and information pertaining to raw materials, semi-finished and finished garments within the apparel park.
The services offered will include storage and handling of fabrics, accessories and finished garments and a range of value added services such as centralized fabric cutting facility and garment finishing areas and transport management,.
The logistics hub with its own inland container depot will be designed to world-class standards incorporating the best of storage and handling solutions for apparel and backed by best of breed logistics software systems.
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