Feb '12
As the industry tops $ 4 bn in foreign exchange it has also recorded a 22 percent growth over 2010 where the earnings were $ 3.2 bn.
“We have now a bigger challenge to sustain the $ 4 bn level. This is largely due to the recession in the West. The USA and Europe are our biggest markets. However, we do not consider this as a serious threat as during the past we have overcome many difficulties successfully”, said the Secretary of Joint Apparel Association Forum General M P T Cooray.
The resilience of the industry has proved that we can face any challenge and there will not be a considerable drop that will affect us, he added.
With a target to become a $ 5 bn plus industry by 2015, Sri Lanka's apparel industry is focusing on a continuous high growth trajectory, Mr. Cooray said.
Government of Sri Lanka
Must ReadView All
Fashion | On 22nd Jul 2018
Top 15 US fashion brands are collectively worth $70 bn
The top 15 American fashion brands are collectively worth close to...
Textiles | On 22nd Jul 2018
Covestro's new products for waterproof textile coating
Covestro, which is among the largest polymer companies, has unveiled...
Textiles | On 22nd Jul 2018
Evogene, IMAmt to work together in insect resistance
Evogene, a leading biotechnology company developing novel products...
Interviews View All
Subhashini Srinivasan
The S Studio
Ethnicwear market will see an upward trend if uniqueness and quality are...
Divyesh Mashruwala
Akshar Industries
Surat dominates foiling, embossing and pleating
Headhonchos
Indian fashion industry
Organic the first choice of any environment-conscious person
Sushila International, a well established textile organisation established ...
Aizome, Asia's first Fairtrade denim brand, is all set to launch next...
Conceived in Europe and curated in New Delhi, NeceSera is a...
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...
Lynda Kelly
Suominen Corporation
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Pranav Mishra
Huemn
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
Silvia Venturini Fendi
Fendi s.r.l
"Yes, my confidence and positive attitude are my strengths and should be...
Leave your Comments
Recommended
