Govt to work towards reducing fabric imports
May 10, 2010 - Sri Lanka
Combined measures will be taken to meet with the fabric requirements of the country’s textile industry. Thereby, apart from being one of the leading garment producers and exporters, Sri Lanka will also be producing its own fabric to meet its industry’s needs.
The government has decided to make Sri Lanka non-dependent on other nations for its fabric requirements. More so, the government also thinks that, meeting the country’s textile industry’s cloth requirements is as important as meeting with the country’s demands for food and housing.
Country’s industrialists, local investors, exporters and the government are intending to join hands to formulate a program so as to commence with various projects for the textile industry. This will help supply garments in the country.
In addition, the government will also make an effort to modernize and develop the textile industry by establishing more industrial zones specifically in the North and East of Sri Lanka to further promote the industry and generate more job opportunities.
Sri Lankan emigrants and Diaspora living abroad will also be called upon by the government so that they could invest towards the development of the country. This investment will help further to facilitate the industrial zones with state-of-the-art infrastructure thereby, providing job opportunities.
Care would also be taken by the government to attract multi-national investors to invest in the industrial development of Sri Lanka.