Home / Knowledge / News / Textiles / SME sector vital for country – Alwis

SME sector vital for country – Alwis

03
Apr '10
The number of Small and Medium Entrepreneurs (SMEs) in the Northern and Eastern regions of the country, which prior to war was 753, has reduced drastically. However, with new entrepreneurs joining the industry the same is expected to rise again.

NCCSL, Chairman, Lal de Alwis, remarked that, it is expected of a country's SME sector to significantly contribute to the nation's Gross Domestic Production (GDP), but Sri Lanka has yet not succeeded in attaining this.

Thus, as a resort to the above need, the National Chamber of Commerce has disbursed funds amongst the SMEs, so as to provide them with financial backing and to assist them in acquiring necessary equipments.

NCCSL has assisted 43 SMEs to obtain grant worth Rs 3 million from the Netherlands Government. As also with a view to boost up value addition, it has initialized the process, whereby it is trying to link up the SMEs with 530 major companies in the country.

Lal de Alwis said that, they will be examining the possibilities of such tie ups as a part of their efforts to introduce new management systems, meant for promoting their products of global standards.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 10th May 2021

India & EU to resume trade negotiations; consider investment pact

India and European Union (EU) have agreed to resume negotiations for...

Pic: Shutterstock

Apparel/Garments | On 10th May 2021

UK retailers halved carbon emissions since 2005: BRC

Leading UK retailers have smashed 2020 carbon reduction targets, with ...

Pic: Authentic Brands Group / Eddie Bauer

Fashion | On 10th May 2021

ABG & SPARC to acquire American outdoor brand Eddie Bauer

Authentic Brands Group (ABG), a global brand owner, marketing and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


May 2021

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


Advanced Search