Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel sector to compete in emerging markets

Sri Lankan apparel sector to compete in emerging markets

Apr '19
Sri Lankan apparel sector to compete in emerging markets
Sri Lanka’s apparel industry, with an export target of $8 billion by 2025, is keen on expanding its global footprint by aggressively competing in emerging markets and widening its presence in non-traditional countries, according to Tuli Cooray, secretary general of the Joint Apparel Association Forum (JAAF). Last year, Sri Lankan apparel exports grew by 5 per cent.

An annual compound growth rate of more than 6 per cent is expected this year.

Sri Lankan apparel manufacturers will differentiate products with quality standards and excellent product delivery and try for a bigger share in emerging markets like India, China and Brazil, Sri Lankan media reports quoted Cooray as saying.

The apparel industry contributes 7 per cent of the country’s gross domestic product and 53 per cent of export earnings.

Cooray said that 12 per cent of the country’s apparel exports go to other continents.

Availability of skilled labour is another problem as the Sri Lankan society doesn’t recognise this sector’s contribution to the growth of the economy, Cooray lamented.

JAAF has been conducting programs to raise the awareness about the importance of this industry, its benefits and opportunities, he said.

The government is trying to address many issues like availability of credit, skilled labour and finance, but these will not deliver immediate results, he said, adding that the present level of trade reform agenda will not affect the export industry but the domestic market. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2020

EVFTA fabric origin rule a challenge for Vietnamese firms

Despite the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), ...

Pic: Tailored Brands

Retail | On 4th Aug 2020

Tailored Brands files voluntary bankruptcy petitions

US retail holding firm Tailored Brands and certain of its...

Pic: Chico's FAS

Apparel/Garments | On 4th Aug 2020

Chico's FAS Canada files for bankruptcy, to close stores

Chico's FAS Canada, a subsidiary of US women's clothing and...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Asif Rahman, MIP

Asif Rahman

MIP is a manufacturer and distributor of high-performance textiles and...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

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

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

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

Advanced Search