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 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Eric Scholler
Groz-Beckert

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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