Home / Knowledge / News / Apparel/Garments / Portugal sees strong apparel synergies with Sri Lanka
Portugal sees strong apparel synergies with Sri Lanka
Dec '11
Portugal, which is re-emerging due to its economic reforms, will send high level business and industry delegations to Sri Lanka Expo 2012 and is keen for apparel synergies with Sri Lanka. Portugal is also keen on the energy, water and edible oil processing sectors here, announced Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka.

Minister Bathiudeen announced this in the aftermath of his in-depth discussions on 6 December at the Ministry of Industry and Commerce with His Excellency Mr. Jorge Roza de Oliveira, the new Ambassador Designate of Portugal accredited to Sri Lanka with residence in New Delhi. H.E. Roza de Oliveira previously presented his credentials to H.E. the President Mahinda Rajapaksa on 5 December in Colombo.

The international press widely reported that on 20 December, the International Monetary Fund (IMF) as having approved a disbursement of $ 3.8 billion to Portugal after completing its second review of the country.

According to the Department of Commerce of Sri Lanka, the total trade turnover which stood at US$ 7.1 Mn in 2009 has drastically increased to US $ 66.5 Mn in 2010 due to import of aircrafts valued at US $ 60.69 Mn from Portugal.

Sri Lanka's usual main imports from Portugal are articles of stone, plaster, cement, asbestos, mica or similar materials, sound recording machinery, woven fabric, self-propelled bulldozers and data processing machine and units.

Apparel, textile and clothing have been the major Sri Lankan export items to Portugal in 2010 contributing 35% of total exports. Other major exports items are coconuts, cashew nuts (fresh or dried), solid tyres, cotton wastes, coir fibre, bicycles and porcelain tableware, kitchenware, household articles and toilet articles.

Minister Bathiudeen also invited strong business and investment delegations from Portugal for the Sri Lanka Expo 2012. “This is a mega export exhibition to be held in Sri Lanka after 15 years' lapse thanks to the vision of H.E. President Mahinda Rajapaksa” Minister Bathiudeen said.

Minister Bathiudeen's invitation was duly accepted by H.E. Roza de Oliveira who voiced: “We will certainly take part in the Sri Lanka Expo 2012 and very much looking forward to it.

I believe that there's strong synergy potential between apparel sectors of Portugal and Sri Lanka which we want to explore further during the forthcoming Expo 2012 event. A collaborative approach by both countries can help in the competitive international markets.”

H.E. Roza de Oliveira added: “At present times, economic diplomacy is very important for Portugal and it's my priority as well. Portugal is undergoing economic reforms at the moment and our Companies are now looking at the alluring South Asian region.

Sri Lanka is very attractive to our private sector due its growing GDP rates and the political stability. Portugal and its private sector firms are keen on Sri Lanka's alternative energy, water management and vines and edible oil processing sectors as potential investment avenues.”

Minister of Industry and Commerce of Sri Lanka

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Rupa Sood and Sharan Apparao

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

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

February 2017

February 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