$ 8 m investment to set up bedding ware for export

Honor Global Industry Lanka, a Chinese and Vietnam based group signed an agreement recently with the Board of Investment for $ 8 million to manufacture foam mattresses, hybrid mattresses, and pillows for the export market. The venture proposes to create employment opportunities for 700 people. The company plans to target markets such as the US, UK, EU, and Middle East. Here BOI Chairman Dinesh Weerakkody (right) hands over the agreement to the officials of the investing company.