Turkey’s DeriDesen mulls SL production plant

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By 2017-12-08

DeriDesen, a Turkish company, held discussions with Minister for International Trade, Sujeewa Senasinghe on 6 December to set up production facilities in Sri Lanka, a press release stated. DeriDesen is a company that has been operating in Istanbul since 1969, manufacturing leather products and labels.

Senasighe led a delegation to Turkey in August 2017 to promote trade and investment between the two countries. He was joined by representatives from the Sri Lanka Export Development Board (EDB), Board of Investment (BOI), and Joint Apparel Association Forum (JAAF), the release added. This meeting sparked DeriDesen's interest in Sri Lanka, resulting in the discussion held recently. DeriDesen's General Manager and Director Board Member, Sahar Misanghi Zadeh, and Global Brand Development Manager, Elif Sertkaya, participated in the discussion, with EDB Chairperson and Chief Executive Indira Malwatte also present.

Speaking at the event, Minister Senasinghe stressed that this was the best time to invest in Sri Lanka. He also stated that the Government had provided many trade facilities for investors in Sri Lanka, adding that that investors had duty-free access to large South Asian markets through the country's Free Trade Agreements, the release concluded.

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