Sri Lanka is aiming at a quantum jump in apparel exports despite the market scenario being grim.
“We are looking to increase total apparel exports by five-fold to US $ 20 billion. And by 2020 we are aiming at US $ 50 billion apparel exports, which is an ambitious goal,” said Sujeewa Senasinghe, State Minister of Development Strategies & International Trade at the inauguration ceremony of Intex South Asia International apparel Fabrics and Accessories Exhibition.
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Sri Lanka’s apparel export is the main contributor in country’s total exports which stood at US $ 4.5 billion in 2013 and surged by 9 per cent to US $ 4.9 billion in 2014; and in January-September period this year Sri Lanka’s apparel exports fetched US $ 3.6 billion.
Sri Lanka has become a reliable and high quality manufacturer on the global map over the course of time and it caters to reputed international brands like Victoria’s Secret, GAP, Liz Claiorne, Next, Jones New York, Nike, Tommy Hilfiger, Pink, Triumph, Ann Taylor and Speedo to name a few.
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The Colombo exhibition at Sri Lanka Exhibition and Convention Centre, brings together textile manufacturers/exporters, apparel exporters, yarn exporters, fabrics and clothing accessories exporters from India, Pakistan, Bangladesh, Sri Lanka, China, Korea, Taiwan, Hong Kong, and Indonesia under one roof. More than 50 Indian material suppliers are taking part at this event. Sri Lanka’s Export Development Board (EDB) is a co-organiser on the event.
Intex South Asia 2015 is organized in association with Indian cotton textiles Export Promotion Council, Power loom Development Export Promotion Council, Taiwan Textile Federation, Korea Trade Promotion Agency, and Hong Kong Apparel Society.
