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Sri Lanka should turn to producing high value garments: SLAEA
16 Mar '17
1 min read
The Sri Lankan apparel exporting sector has urged the industry to move away from producing low value added and also low cost garments, and instead turn into a sourcing hub for high value added clothing, by adopting industrial technological modernisation. They said the industry should capitalise on the country being recognised in terms of quality and delivery.
The Sri Lanka Apparel Exporters Association (SLAEA) also observed that there was a need for consistency in terms of investment policy, as recent figures related to foreign direct investments were not so great.
Sri Lankan media reports also quoted SLAEA as urging the government to think about removing the Simplified Suspended Value Added Tax (SVAT) scheme or exempt the industry from it. (AR)
The Sri Lanka Apparel Exporters Association (SLAEA) also observed that there was a need for consistency in terms of investment policy, as recent figures related to foreign direct investments were not so great.
Sri Lankan media reports also quoted SLAEA as urging the government to think about removing the Simplified Suspended Value Added Tax (SVAT) scheme or exempt the industry from it. (AR)
Fibre2Fashion News Desk – India
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