Related Keywords: costs of operating, Free trade agreement, HKTDC. identify alternative production bases in Asia, Hong Kong textile and garments houses, Hongkong firms, scouting neighbourhood, shift production lines, surging labour, value-added production
Hong Kong firms are scouting the neighbourhood to shift their production lines. With the mainland encouraging wages to rise, Hong Kong companies with operations across the border are increasingly looking for new options.
Hongkong is thus eyeing pointers from early movers like Fountain Set. One of Sri Lanka's largest knitted fabric manufacturers, Ocean Lanka which is a joint venture between Hong Kong-headquartered and listed Fountain Set and Sri Lankan apparel majors Brandix and Hirdaramani may be an apt find for their hunt.
