Oniverse Invests €30M in Sri Lanka’s Apparel Sector 📈

Global fashion giant Oniverse (formerly Calzedonia Group) has reaffirmed its commitment to Sri Lanka, announcing a fresh EUR 30 million investment for a new specialized bra capsule manufacturing plant. • Core Investment & Growth Investment: EUR 30 million dedicated to high-tech production and safety standards. Longevity: Omega Line enters its 28th year of operations in Sri Lanka. Focus: Strengthening the intimate apparel sector, specifically technically demanding products like bras. • Sector Strengths Specialization: Sri Lanka is positioned as a "premium and medium-premium" hub due to high professionalism and consistency rather than low cost. Leadership: High praise for local management depth and technical know-how in apparel & textiles. Compliance: The country remains competitive in meeting rigorous European standards for sustainability and traceability. • Key Challenges & Outlook Logistics: Identified as a major constraint with lengthened lead times to Europe compared to pre-COVID levels. Operating Environment: Group President Dr. Sandro Veronesi emphasized the need for predictable fiscal policies and regulatory stability to secure long-term investment. Labor: Manpower remains a global challenge affecting capacity and stability. _Source: Based on interview data from February 16, 2026._