Executives of both companies at the agreement signing for the acquisition of Browns Fabric Ltd for Mihila Tex. Credit: Hirdaramani Group.

The Mihilia Tex mill will play a pivotal role in reshaping the future of the apparel industry and bolstering Sri Lanka’s position as a sustainable manufacturing hub said Hirdaramani Group.

The group will collaborate with Hengda Textiles in this venture, a leading global textile manufacturer and technical partner renowned for its innovation and commitment to sustainability.

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‘Mihila Tex’ is part of the Hirdaramani Group’s long-term strategy to strategically grow its apparel business in Sri Lanka and strengthen its local value chain to minimise the extensive outflow of foreign exchange for raw material imports, while providing optimised apparel solutions to its customers worldwide.

The Hirdaramani investment will be used to develop a textile mill that integrates the latest advancements in sustainable technologies and practices to minimise energy consumption, reduce waste generation, and optimise resource management.

Hirdaramani Group chairman Vinod Hirdaramani said: “The investment in ‘Mihila Tex’ comes at a strategic point in our long-term growth journey. Our commitment to boosting Sri Lanka’s apparel industry remains a priority – as reinforced by high-value investments such as these – where the industry will benefit from Hengda Textiles’ advanced expertise and best practices in manufacturing. We are also happy to have the opportunity to enrich the livelihoods of 800+ employees and to extend further impact across the community through our presence in Pannala.”

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Hengda Textiles chairman Zheng Jianfan added: “We are happy to embark on this partnership with the Hirdaramani Group to establish our presence in Sri Lanka, a renowned global apparel hub. We believe that this new textiles venture, supported by the financial backing of the Hirdaramani Group, will help the industry in its upward growth trajectory by offering sustainable, faster, and advanced apparel solutions to customers worldwide. We look forward to leveraging the strengths of the Group and the industry as we forge ahead with this long-term partnership over the ensuing months.”

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The factory is expected to be fully operational by 2025.