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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra

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

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search