Addu City, Maldives – Addu City Council has announced for public consultation to develop a garment factory in Addu City.
Addu City Council had requested as many expel to fill out the online form for publics opinion on the garment factory which is to be built by Business Center Corporation (BCC).
While city council announced for public opinion for the project today, BCC had previously announced for a consultant to do a feasibility and technical study for the project in December 2020.
Between 1995 and 2004, there were several garment factories in Addu City which employed many Addu citizens. The thriving garment industry of the Maldives came to an end in 2005 when the general system of quotas under the World Trade Organization Agreement on Textiles and Clothing was terminated.
The Business Center Corporation (BCC) was established in 2017 under a presidential decree, which would be the legal vehicle mandated for the operations and management of the 6 Regional Business Centers (BC), established as per the SME Act (2013) and would be steering the governments’ SME support efforts, under the overall direction of the responsible Minister and through the advisory support of the SME Council.
The purpose of the BCC is to provide support in the development of the SME Sector under the supervision of Ministry of Economic Development.