Mas Holdings wants to create an established presence in India and strengthen its production capacities in the region.
The creation of this factory should offer substantial advantages to the wider MAS network, mainly based in Sri Lanka, by promoting stronger regional collaborations which are conducive to growth and commercial prospects.
The company plans to transform the 60 -acres site into a complete clothing center by collaborating with strategic partners to improve its presence in the Indian State of Odisha.
The new installation will favor the manufacture of large value clothes suitable for Indian and global markets.
The company should capitalize on the robust manufacturing environment of India while relying on the established operational power of Mas in Sri Lanka.
The CEO of Mas India, Malik Ahamadeen, said: “Mas is delighted to take this important step in the creation of a strong clothing ecosystem in the region. This is reported by our vast experience in the management of industrial areas of holistic clothing in Sri Lanka and bringing together key partners along the clothing supply chain.”
Mas Holdings operates in 14 countries with a 100,000 workforce. The company has developed its portfolio to include portable technology, female parks, start-ups, logistics and fabric parks, in addition to lingerie, sportswear and swimwear.
The conglomerate also has design locations in the main global style centers to support its extended operations.
Mas GCEO SUREN FERNANDO said: “This investment marks an important step in the MAS course, and we are delighted to take advantage of the vast commercial opportunities that the company presents. India has long been an integral part of our operations, and with 25 years of experience operating in India, we recognize the potential immenist in the country of the country.”
In 2022, the company revealed its intention to increase its presence in South and Southeast Asia. The company said at the time that it was in the process of considerably expanding its production capacities in India, with plans to increase the capacity of two years by 2024.
In June of the year MAS has signed a three-year supply agreement with the Société de Science des Materials based in the United States Ambercycle for its recycled polyester material Cycora.
In January of this year, the Apparel Association Forum (JAAF) joint revealed that Sri Lanka clothing exports increased by almost 5% reaching $ 4.7 billion in 2024 And exceeded $ 5 billion when combined with direct textile exports.
“Sri Lanka’s Mas Holdings to Expand in India with New Odisha Facility” was created and published by Just styleA brand belonging to GlobalData.
