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Apparel industry set to meet global challenges

20
Sep '08

Sri Lanka's apparel industry is improving its image as an ethical manufacturing destination in the global market. Apparel industry is the highest foreign exchange revenue generator of the country and showing a gradual and steady increase.

Sri Lankan apparel industry is taking care to ensure that their garments are manufactured in a sound and safe environment, by not involving child labor and adopting international labour and environmental standards. These aspects enable them to have an ever increasing demand for its apparels in the global market.

Sri Lanka has the potential to become a global service provider and an attractive apparel sourcing hub. It lies in their efforts to develop design specifications to match with the global trends.

Due to problems affecting the textile and garment industry in China, its customers have started looking at countries like India and Sri Lanka as an alternative. Export figures of Sri Lanka paint a rosy picture by displaying a steady increase and reaching US $3203.3 million during 2007.

Industry experts positively assert that with apparel exports topping any other product in the Sri Lankan foreign exchange revenue graph, the industry shows favorable signs of growing.

Click here, to know more about the Sri Lankan industry structure, their competitiveness, major brands, and aspects that are favorable to the country's apparel industry.

Fibre2fashion News Desk - India