Brandix poised for Rs.500 crore investment
Sri Lanka-headquartered Brandix India, which runs a world class textile park in Visakhapatnam, is all set to get fresh overseas investments worth over Rs. 500 crore, which will be used to expand the facility as both the Indian and overseas market for its segment of products witness a surge.
More importantly, the facility, which currently employs about 20,000 workers, mostly women, will move significantly closer towards its aim to providing employment to about 60,000 workers.
The visit by the Chief Minister Mr. N. Chandrababu Naidu to the facility in July this year sent out strong signals to overseas investors that his Government would stand by the company, as it has the potential to create vast tracts of employment for the local people.
Last week, Mr. Solomon Arokia Raj IAS, Secretary to Government of Andhra Pradesh, Industries & Commerce visited Brandix India Apparel City SEZ at Atchutapuram, Visakhapatnam for the first time, when he openly admired the world class Textile Park.
He was particularly appreciative of the Water Treatment Plant, Effluent Treatment Plant and Rain Water Harvesting Pond at the facility. He studied the minute aspects of the Textile Park when he personally visited the units inside the Park.
He noted with admiration, the advanced technology and machinery being used in the apparel and fabric making units such as Brandix Apparel India Unit I, Ocean India, Seeds Intimate Apparel. He was astonished to know that Brandix Park provides employment to about 20,000 persons of whom over 15,000 are women.
Appreciating the Park’s efforts in generating organised employment for women in such large numbers, he took stock of the additional facilities provided to them to enable a comfortable and secure workplace. He also expressed appreciation at the facilities provided to the employees such as Canteen, Child Care Centre, Medical Centre, transportation and so on.
Later, interacting with Brandix Director Mr. Feroz Omar, he enquired about the sensitive and critical issues facing the management and promised to take them to the notice of the Chief Minister Mr. Chandra Babu Naidu and ensured speedy solutions to the same. He also assured that the State Government is working hard in facilitating Brandix in generating employment to an additional 10, 000 persons.
The BIAC Director Mr Vinu Sudan, The BIAC COO Mr V Raghupathy, BIAC Partner Mr Dora Swamy and APIIC authorities were also present during the interaction.