Saturday, August 29 2026
Saturday, August 29 2026
MONETABRIEF – Sri Lanka based MAS apparel group has singed a memorandum outlining plans to invest 8.8 billion Indian rupees (about 92 million dollars) at their factories in India, a media report said.
The announcement was made an investment conclave in Tamil Nadu.
The memorandum indicated that the investments will go to expand apparel, textiles and wearable technology manufacturing across multiple districts, creating 7,000 jobs, The Times of India said.
According to MAS India website, it runs a MAS Apparel Park in India.
MAS Prana India (Pvt) Ltd has operations in Maraimalai Nagar, Chennai, Trent Mas Fashion (Pvt) Ltd also in Maraimalar Nagar and MAS India Clothing Private Limited has operations in Pavendar Salari, Maraimalar Nagar.
Intimate Fashions India (Pvt) Ltd is in Nandhivaram, Tamil Nadu and MS Udyat India (Pvt) Ltd in in Green Base Industrial and Logistics Park in Kancheepuram. (Colombo/Aug29/2026)
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