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

Textiles | On 28th Jun 2016

CII issues 6-point plan for textile & apparel industry

Indian textile and apparel industry has the potential to create over...

Textiles | On 28th Jun 2016

Telangana subsidises power tariff for textile sector

The Telangana government has decided to give Rs 2 per unit subsidy on ...

Apparel/Garments | On 28th Jun 2016

Bangladesh garment exports up 9.4% in July-May

Readymade garment exports from Bangladesh increased by 9.41 per cent...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

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

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search