Rakshaa signs with BOI for expansion of operations

The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa (Pvt) Ltd, for the expansion of their existing operations, which will now include high-quality ladies fashion garments and sportswear.

Rakshaa (Pvt) Ltd will export to the UK, Holland, USA, India and Mauritius, and will generate approximately 300 additional employment opportunities with its expansion that also includes rural geographies in Sri Lanka.

The agreement was signed by Sanjaya Mohottala, Chairman of the Board of Investment of Sri Lanka and Chandana Weerasinghe, Managing Director, Rakshaa (Pvt) Ltd.

At the signing ceremony, Mohottala commended the company’s decision to invest in a manufacturing unit in rural Sri Lanka and contribute positively towards the economic empowerment of these communities. He further congratulated the organisation’s leadership for expanding its capacity and venturing into new markets, by adapting to global production trends and moving swiftly to capitalize on global trade shifts – all, while coming up as a home-grown company.

by Daily News Sri Lanka

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