Home / Knowledge / News / Apparel/Garments / 'GSP+ can push SL's apparel exports to $20 bn by 2020'
'GSP+ can push SL's apparel exports to $20 bn by 2020'
Jun '16
The expected award of European Union's GSP Plus status can push Sri Lanka's apparel export earnings to $20 billion by 2020, from around $5 billion at present, primary industries minister Daya Gamage has said.

“Due to the efforts of prime minister Ranil Wickremesinghe and president Maithripala Sirisena, Sri Lanka will once again be awarded with the GSP Plus. This will be a major advantage for the industry and it could take the country to the apparel export target of $20 billion by 2020,” Gamage said at the inauguration of three-day Apparel Industry Suppliers Exhibition (AISEX) in Colombo.

The apparel industry contributes more than 45 per cent to the total merchandise exports from Sri Lanka, but the value addition is still around 50 per cent, Gamage said.

He stressed on encouraging more apparel accessories to be made in Sri Lanka, and added that AISEX 2016 would help towards that goal.

“Sri Lankans should also look at more R&D for the industry to be more competitive,” he added.

AISEX has been revised after seven years, following a visit by an EU delegation and the increased prospect of Sri Lanka achieving GSP Plus.

The event is being organised by Lanka Exhibition and Conference Services Ltd (LECS) and supported and endorsed by the Sri Lanka Apparel Institute (SLAI), Joint Apparel Association Forum (JAAF), Sri Lanka Institute of Textile and Apparel (SLITA), and the ministry of industry and commerce. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search