Home / Knowledge / News / Apparel/Garments / Sri Lanka announces ambitious export target
Sri Lanka announces ambitious export target
17
Nov '15
Despite falling global trade, the Sri Lanka is aiming for a highly ambitious five-fold jump of its top export product - apparels while China's premium knitting sector is gearing up to partner with surging Sri Lankan apparel sector, according to media reports in the country.

“We are looking to increase total apparel exports by five-fold, to $20 billion. And by 2020 we are aiming at $50 billion national exports, which is an ambitious goal,” said Sujeewa Senasinghe, State Minister of Development Strategies & International Trade at the inauguration at the inaugural Intex South Asia International apparel Fabrics and Accessories Exhibition in Colombo on November 16.

The Colombo exhibition at Sri Lanka Exhibition and Convention Centre, brings together textile manufacturers and exporters of Yarns, Apparel Fabrics and Clothing Accessories from India, Pakistan, Bangladesh, Sri Lanka, China, Korea, Taiwan, Hong Kong, and Indonesia. More than 50 Indian material suppliers of are taking part at this event. Sri Lanka's Export Development Board (EDB) is a co-organiser on the event.

Sri Lanka's apparel exports of all types-the main contributor in country's total exports basket claiming 40 per cent, stood at $4.5 billion in 2013 and surged by 9 per cent to $4.9 billion in 2014. January-September 2015, apparel exports of all types grossed $3.6 billion.

Sri Lanka has gained international reputation as a reliable and a high quality manufacturer supplying to many reputed international brands such as Victoria's secret, GAP, Liz Claiorne, Next, Jones New York, Nike, Tommy Hilfiger, Pink, Triumph, Ann Taylor and Speedo among others which testifies its capabilities.

The event was organized in association with India Cotton Textiles Export Promotion Council, Power loom Development Export Promotion Council, Taiwan Textile Federation, Korea Trade Promotion Agency, Hong Kong Apparel Society. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Eric Scholler
Groz-Beckert

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X