Stimulus Package:

Sri Lanka recently declared a stimulus package of 5% for the exporters, those who equal or exceed quarterly exports, and also maintain the employment at the same level. Maintaining a successful balance between value and employment is quite a tough challenge in the current situation, where companies are opting for lay-offs.

Globalization generates positive multiplier effects. Obama's reign may be a turning point in the U.S. trade policy, making the industry critics to contemplate and debate about the impact of the billion dollar global apparel and textile trade. While the rest of the world looks at US for an economic turnaround, Sri Lankan apparel industry faces the key challenge of losing its competitive edge in the apparel exports due to the policies of the US Government.

References:

1. http://www.nation.lk
2. http://www.portfolio.com
3. http://srilanka-apparel.com