Home / Knowledge / News / Apparel/Garments / 'High production cost, most challenging' – Mr Channa, CEO, Orit Apparels
'High production cost, most challenging' – Mr Channa, CEO, Orit Apparels
25
Feb '09
Mr Channa Palansuriya
Mr Channa Palansuriya
The CEO of Orit Apparels, the Rs 4 billion company headed by Mr Channa Palansuriya, was very candid when he said that, “The greatest dilemma facing the clothing industry in present times was the high manufacturing costs”. He said this at the annual general meeting of Apparel Exporter's Association held last week.

He added by saying, “Above from the above, the sector was also faced with the challenges of a slowdown in the US and EU economies, along with the issue of renewal of GSP benefits by the EU, but the sector was performing well with growth generated from the EU, while a nominal decline was noticed from the US”.

Divulging statistics, he said, “Total apparel exports showed a growth of 3.5 percent growth in 2008, despite a fall of 5.3 percent in December, when compared with the corresponding periods of the previous year and though shipments to the US recorded a marginal decline of 5.5 percent, those to the EU registered a boost of 10.7 percent”.

He advised the government to devalue the local currency by 15 percent and announce stimulus packages to reduce the negative growth rate in exports from the sector, but added by saying that it cannot be done with current situation of the Sri Lankan economy. He saw a pall of gloom over the sector since 50 percent of exports are destined for the US.

Commenting on the weaknesses of the industry he said, it was afflicted by low productivity, higher dependence on imports of fabrics, lack of designing capabilities and a very high concentration on the markets of the U and the US. He urged the exporters to diversify their markets in order to beat the slowdown in these key markets.

He was also highly appreciative of the government when he said; the government has to be appreciated for its policies like providing a liberal business environment, educated and trainable labour, quality supplies, logistics, and speedy turn around time as well as adhering to compliances, to enable the sector stand apart from its competitors.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search