Hirdaramani Group, a leading name in apparel manufacturing and sustainability, has announced a groundbreaking investment of LKR 10 billion in a new textile mill named ‘Mihila Tex’ in Pannala, Sri Lanka. This strategic move underscores Hirdaramani’s commitment to advancing sustainable apparel production and enhancing Sri Lanka’s status as a sustainable manufacturing hub.
Strategic Partnership with Hengda Textiles
In this significant venture, Hirdaramani Group is partnering with Hengda Textiles, a globally recognized textile manufacturer known for its innovative and sustainable practices. This collaboration is poised to transform the future of the apparel industry in Sri Lanka, offering optimized apparel solutions to global customers while minimizing foreign exchange outflow for raw material imports.
Key Highlights of ‘Mihila Tex’
LKR 10 Billion Investment: The substantial investment will fund the development of a state-of-the-art textile mill that integrates advanced sustainable technologies to reduce energy consumption, waste generation, and resource use.
Water Conservation: The mill will feature advanced water recycling and purification systems to significantly reduce water consumption, highlighting the critical importance of responsible water usage in textile production.
Renewable Energy: Aligning with both companies’ commitment to reducing carbon emissions, the facility will be powered by renewable energy sources, supporting Sri Lanka’s renewable energy goals.
Green Certification: Hirdaramani Group and Hengda Textiles aim to obtain internationally recognized sustainability certifications for the mill, reinforcing their dedication to environmentally responsible manufacturing.
Job Creation: The establishment of the new mill will create numerous employment opportunities, positively impacting the local economy and supporting the livelihoods of many Sri Lankans.
Leadership Perspectives
Vinod Hirdaramani, Chairman of Hirdaramani Group, expressed the strategic importance of this investment: “The investment in ‘Mihila Tex’ comes at a pivotal point in our long-term growth journey. Our commitment to boosting Sri Lanka’s apparel industry remains a priority, as demonstrated by high-value investments such as this. The industry will benefit from Hengda Textiles’ advanced expertise and best practices in manufacturing. Additionally, we are pleased to enrich the livelihoods of over 800 employees and extend further impact across the community through our presence in Pannala.”
Zheng Jianfan, Chairman of Hengda Textiles, shared his enthusiasm for the partnership: “We are excited to embark on this partnership with Hirdaramani Group to establish our presence in Sri Lanka, a renowned global apparel hub. This new textiles venture, supported by the financial backing of Hirdaramani Group, will propel the industry on 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.”
Future First Sustainability Agenda
The green manufacturing practices adopted by ‘Mihila Tex’ align with Hirdaramani’s Future First Sustainability Agenda. Through this agenda, the Group is committed to responsibly conducting its operations, protecting the planet, and positively impacting the communities in which it operates. ‘Mihila Tex’ is set to be fully operational by 2025.
Hirdaramani Group’s LKR 10 billion investment in ‘Mihila Tex’ marks a significant milestone in advancing sustainable apparel production in Sri Lanka. By leveraging cutting-edge technology and sustainable practices, this venture is set to bolster the local economy, create job opportunities, and solidify Sri Lanka’s position as a leader in sustainable manufacturing.
