Home / Knowledge / News / Apparel/Garments / Stimulus package will do a world of good - Experts
Stimulus package will do a world of good - Experts
25
Mar '09
The Sri Lankan government has recently declared a stimulus package for the export oriented sectors in the country. Experts have hailed the announcement of the package and expect that it will do a world of good for the export based companies, particularly the garment industry.

They suggest that the stimulus package will help the companies stay afloat, but a proper mechanism should be worked out to regulate the disbursal of the funds available under the stimulus package to the exporting companies.

But they advise that the exporters should take advantage of the recent consumer surge in eco-friendly and sustainable products, considering that Sri Lanka already has an edge in the production of green apparels, with MAS holdings and Brandix being flag bearers of this trend.

They aver that, eco-friendly garments is still a niche market and in the current global slowdown and these products still would be able to find a firm footing rather than mass produced and traditional clothing which is manufactured in most Asian countries.

They also counseled the exporters to be more innovative in their approach, since consumers always have accepted new concepts, subject to that, it serves their purpose along with delivering quality and value during the lifetime of the product.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Evelyne Cholet
UCMTF

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

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...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

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...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search