Home / Knowledge / News / Apparel/Garments / Sri Lanka on way to achieve $10bn apparel export by 2016
Sri Lanka on way to achieve $10bn apparel export by 2016
02
Apr '14
The island country of Sri Lanka is on its way to achieve the apparel export target of US$ 10 billion by 2016, set by President Mahinda Rajapaksa, Minister of Industry and Commerce Rishad Bathiudeen has said.
 
Speaking at an event at the Sri Lanka Institute of Textile and Apparel (SLITA) in Ratmalana, the Minister said the country’s apparel sector has showed strong performance earning revenues of $4.3 billion in 2013, and Sri Lanka is now paving way for bigger apparel dreams, ft.lk reported.
 
President Rajapaksa wants to see the country among the top ten garment exporting nations of the world by 2020, the Minister informed.
 
He said that in 2013, Sri Lankan apparel sector entered the G4 manufacturing levels for the first time, in collaboration with PVH Corporation. 
 
In G3 level, foreign retail teams reach out to engage with Sri Lankan suppliers who are global multi-country manufacturers, while in G4, supplier teams of Sri Lankan multi-country manufacturers reach up to engage with foreign retailers.
 
SLITA, which operates under the Ministry of Industry and Commerce, offers training, testing, consultancy and technical services. The testing lab at SLITA is internationally accredited and is certified with ISO 17025 and 9001 standards, the Minister said.
 
Mr. Bathiudeen thanked the President for providing triple deductions in the last budget for research and innovation carried out within apparel businesses, which has encouraged strong performance of the sector.
 
Textiles and garment exports from Sri Lanka grew by 23.4 percent to $ 412 million in January 2014, compared to exports of $333.9 million made during the same month last year, according to the data from the Central Bank of Sri Lanka.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Amit Jain
Shingora Textiles Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X