Home / Knowledge / News / Apparel/Garments / PVH Corp seeks to benefit from Sri-Lanka China FTA
PVH Corp seeks to benefit from Sri-Lanka China FTA
10
Sep '14
Mr. Green (L) with Mr. Bathiudeen
Mr. Green (L) with Mr. Bathiudeen
PVH Corp (Phillips-Van Heusen), one of the top American apparel companies with 2013 revenue of US $8 billion, is excited about the upcoming Free Trade Agreement (FTA) between Sri Lanka and China.

This was disclosed during a meeting between Mark Green, the executive vice president of global supply chain of the New York-based company, and Rishad Bathiudeen, Sri Lanka’s Minister of Industry and Commerce, in Colombo, last month.

“We are very excited about the forthcoming Lanka-China FTA—having duty free market access to China is very important for us as an apparel sourcing firm and the benefits are great. This is even more important for us since we have considerable income from Asia—30% of our turnover from Calvin Klein brand alone originates from Asia! Having a production centre in Sri Lanka with duty free access to China market is very exciting for us. This is really exciting!,” Mr. Green told the Minister.

Green said they have recently opened an office in World Trade Center (WTC), in Colombo and have done business worth $ 80 million in Sri Lanka.

Mentioning that Sri Lanka is considered to be an expert in apparel manufacturing, both in compliance record and sustainability, Mr. Green said PVH now wants to grow its business in Sri Lanka. PVH Corp is now looking forward to work with Sri Lankan apparel brands such as MAS Holdings, Brandix, Jinadasa, and Hirdramani Group, he said.

Mr. Bathiudeen said the Sri Lankan government is now aiming for new levels of bilateral trade cooperation with China. The Sri Lanka and China FTA would create great opportunities for both countries, he added. (GK)

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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