Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel exporters seek to broaden markets
Sri Lankan apparel exporters seek to broaden markets
27
Dec '16
A Sri Lankan garment exporter’s trade body wants its government to sign more free trade agreements (FTA’s) with various countries, particularly Brazil, Japan, Russia, South Korea and South Africa. The Sri Lanka Apparel Exporters Association (SLAEA) is of the opinion that these FTA’s will help the industry expand its base as well as earn more foreign exchange.

Speaking at the annual general meeting (AGM) of SLAEA, its chairman Felix Fernando said, “The apparel sector has committed to the government that the industry will increase exports to the EU by $500 million per year, once the GSP+ is restored.”

“While the industry will benefit from GSP+ for the next four to five years and used to achieve various medium and long term goals, it will also boost clothing exports to other countries from Sri Lanka,” he added.

He also suggested increasing the production of higher value-added products, considering the sector’s inability to compete with other South Asian countries on low-end value products.

“While a few major apparel exporters are investing in automation, the industry largely lacks automation, which will become more critical in the future, when also taking in to factor the labour shortage,” he observed. (AR)

Fibre2Fashion News Desk – India


Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

C Dhandayuthapani,

C Dhandayuthapani

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

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search