Sri Lanka's MAS Holdings to Expand in India with New Odisha Facility
MAS Holdings aims to establish an established presence in India through its upcoming facility in Bhuinpur, Odisha, expected to be operational by 2026. The new site will prioritize the manufacture of high-value apparel suited for both Indian and global markets, capitalizing on India's robust manufacturing environment while leveraging MAS' operational expertise in Sri Lanka. By expanding into India, MAS Holdings seeks to bolster its production capabilities within the region and foster stronger regional collaborations.
- The strategic partnership between MAS Holdings and key stakeholders will likely play a crucial role in overcoming supply chain challenges, which have been a significant hurdle for Indian garment manufacturers in recent years.
- How will MAS's entry into the Odisha market influence India's overall textile industry, particularly with regards to its growing competition from countries like Bangladesh?