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Apparel sector - Potential target for Indian investors
16
Oct '09
Current economic situation has enabled Sri Lanka to achieve its full potential. The apparel industry of the country, despite the economic downturn and hostile environment, is a generator of huge volumes of foreign exchange revenues.

India's trade relations with Sri Lanka have been very friendly during the past years. Proximity and history has nurtured the trade relations between the two countries.

India is one of the top five countries which has invested in Sri Lanka's business and trade since 2007 and constitutes 6.5% of the total Foreign Direct Investment, other countries being US, UK, Hong Kong, and Singapore.

Sri Lanka can achieve quick and enormous economic development by developing bilateral relations with India. Simultaneously, India by collaborating with Sri Lanka can gain all the benefits of a productive partnership.

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Fibre2fashion News Desk - India

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