Home Business BOI & Concord sign up for Footwear Manufacturing Plant

BOI & Concord sign up for Footwear Manufacturing Plant

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Colombo, Sri Lanka, The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Concord Footwear (Pvt) Ltd a new company under the Concord Group. This footwear manufacturing operation will be established in the Ulapane Industrial Zone. The agreement was signed by Board Members Dr. Harsha Cabral and Mr. Sanjay Kulatunga on behalf of the BOI and Mr. Prasanna Jayasinghe, Managing Director, Concord Apparel (Pvt) Ltd.

This footwear unit will, through state-of-the-art technology, manufacture safety shoes for international markets. The company plans to employ around 350 employees from within the locality, with a view of sourcing and upskilling rural talent and providing meaningful employment through necessary vocational training. Foreign expertise will initially be relied on for the manufacture of its shoe uppers, until local capability is developed in the short term. The company thereafter aims to expand coverage to include operations for a complete footwear product range.

Sanjaya Mohottala, Chairman Board of Investment Sri Lanka said, “As we congratulate Concord Group for their foray into footwear, we thank them for taking initiative to capture significant potential in rural Sri Lanka and contribute to drive the Sri Lankan economy. With Sri Lanka’s availability of required raw materials on island and trainable and talented workforce across the country, we are confident that this will provide gainful opportunities for Concord and the social and environmental landscape it operates in.”

Concord Footwear (Pvt) Ltd is the latest enterprise of the Concord Group which was established 2000. In Sri Lanka, it employs over 5,000 associates across four companies and five factories, which are ISO9000, 14000 and SA8000 certified. It has also received other certifications as well, including Green Gold Certification for sustainability for one of its facilities, and also supplies around 2 Mw of solar power to the National Grid from rooftop solar installations. The Group also has an established regional presence in Myanmar and Bangladesh.

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