Ambitious Export Target By Sri Lanka

Ambitious Export Target By Sri Lanka

Despite falling global trade, the Sri Lanka is aiming for a highly ambitious five-fold jump of its top export product – apparels while China’s premium knitting sector is gearing up to partner with surging Sri Lankan apparel sector, according to media reports .

“We are looking to increase total apparel exports by five-fold, to 20 billion US Dollar. And by 2020 we are aiming at 50 billion US Dollar national exports, which is an ambitious goal,” Sujeewa Senasinghe, state minister of development strategies & international trade , said at the inauguration of South Asia International apparel Fabrics and Accessories Exhibition in Colombo on November 16.

The exhibition brings together textile manufacturers and exporters of Yarns, Apparel Fabrics and Clothing Accessories from India, Pakistan, Bangladesh, Sri Lanka, China, Korea, Taiwan, Hong Kong, and Indonesia. More than 50 Indian material suppliers are taking part at this event.

Sri Lanka has gained international reputation as a reliable and a high quality manufacturer supplying to many reputed international brands such as Victoria’s secret, GAP, Liz Claiorne, Next, Jones New York, Nike, Tommy Hilfiger etc.

The event was organized in association with India Cotton Textiles Export Promotion Council, Power loom Development Export Promotion Council, Taiwan Textile Federation, Korea Trade Promotion Agency, Hong Kong Apparel Society.