Home / Knowledge / News / Apparel/Garments / Investors eager to venture in apparel sector
Investors eager to venture in apparel sector
04
Feb '11
Nine investors eager for establishing apparel units in the Northern and Eastern regions of Sri Lanka have forwarded their applications in this regard to the Sri Lankan Board of Investment.

Establishment of these units is expected to bring about 9,000 new jobs in the region. But then, these investors are still awaiting the government's sanction to start their projects, once the land allocation and infrastructure development issues get sorted out.

The information was publicized during a press meet organized to announce the launch of a regional road show for the apparel industry for country wide awareness generation and employment drive.

The State government along with the apparel industry would survey the possibilities of adding countries like India, China, Japan, Canada and Brazil to the list of countries importing Sri Lankan apparels, while maintaining the US and the EU, which presently serve as the key export markets of the apparels from Sri Lanka.

Additional Secretary of the Industry and Commerce Ministry, H M R B Herath, revealed that the concerned authorities in the country have already concluded the initial talks on the prospects of exporting Sri Lanka's garments to Japan.

Further, a Joint Apparel Association Forum (JAAF) official even revealed that, as some of the issues cropping up in the Chinese and Egyptian markets have raised the prospects for the Sri Lankan apparel sector, and the domestic investors are highly positive about the probable development of the country's apparel sector in times to come.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi
SVA

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


June 2018

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

news category


Related Categories:

Advanced Search