The groundbreaking for the MAS Apparel Park took place earlier this year in March 2025, with operations expected to commence in early 2026. The new facility is aimed at catering to both current and potential customers in the region, supporting the growing demand for high-quality, innovative textile solutions.

The official signing ceremony for the partnership took place in June at the MAS Head Office in Colombo, with Teruo Funahashi, Managing Director of Toray Hong Kong, and Suren Fernando, Group Chief Executive Officer of MAS Holdings, representing the two organizations.

Commenting on the partnership, Teruo Funahashi, Managing Director of Toray Hong Kong, said “Toray MAS Apparel India will contribute to local employment and economic growth by manufacturing advanced, top-quality offerings. That company will serve as a garment stronghold in India for Toray and MAS Holdings, reinforcing their partnership by deploying strategies that capitalize on their capabilities”.

Suren Fernando, Group CEO of MAS Holdings stated "This joint venture marks a significant step forward in strengthening our global supply network and deepening our partnership with Toray Industries. The Odisha facility will play a key role in supporting our customers’ evolving needs, driving innovation and contributing to regional economic development. In today’s global economic landscape, strategic partnerships like this are key to enhancing our capabilities and continuing to deliver value-added solutions to our customers."

The collaboration builds on MAS Holdings' extensive apparel manufacturing expertise and Toray Industries' advanced material technologies, positioning Toray MAS to deliver innovative products to global brands while fostering economic growth and job creation in Odisha.

The operation being set up aims to advance sustainability by incorporating renewable energy solutions such as rooftop solar PV, energy-efficient technologies across operations, and advanced water and wastewater management systems. The facility is also being designed to ensure universal accessibility, integrating environmentally responsible practices in waste and chemical management, aligning its future operations with both environmental stewardship and social responsibility.