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: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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