• Sri Lanka looks to dress more Brazilians

    22/09/2014 Daily FT

    02/01/2017
    Sri Lanka looks to dress more Brazilians


    Sri Lanka’s apparel sector is looking to dress more Brazilians as the first ever industry delegation kicks off a promotional tour today to tap potential in the giant South American market.

    In an effort to expand the buyer base for Lankan apparels, the Export Development Board (EDB) and the Joint Apparel Association Forum (JAAF) together with the Sri Lanka Embassy in Brazil has organised the six day promotional program from 22 to 27 September.

    Labels : Blog Archive

    Read more
  • Lanka-China FTA electrifies $8B global apparel giant to action

    06/09/2014 Asian Tribune

    02/01/2017
    Lanka-China FTA electrifies $8B global apparel giant to action

    Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka–second from right) and HE Azmi Zainuddin (Malaysian High Commissioner to Colombo-second from left) join to inaugurate Global Rubber Conference 2014 (to be held in October in Colombo) on 28 August in Colombo as Dr Abdul Aziz (Secretary General of International Rubber Research & Development Board-far left) and Bandula Egodage (Chairman & CEO-EDB-far right) look on.

    The forthcoming Lanka-China FTA has electrified no less than a $8B global apparel giant who is also the world’s largest shirt maker. “We are very excited about the forthcoming Lanka-China FTA; having duty free market access to China is very important for us as an apparel sourcing firm and the benefits are great.

    This is even more important for us since we have considerable income from Asia-30% of our turnover from Calvin Klein brand alone originates from Asia!” said Mark Green, the Executive Vice President of Global Supply Chain of New York’s PVH Corporation on 14 August in Colombo.

    Labels : Blog Archive

    Read more
  • SL Apparel Industry in a Global Context and Future Fortunes

    17/06/2014 Daily Mirror

    02/01/2017
    SL Apparel Industry in a Global Context and Future Fortunes

    The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing.

    With a very long history of manufacturing in the island and throughout the challenges which this industry has faced to this day, the garment manufacturing  stands much stronger than it has been ever before where the exports from this industry within a year increased by 11 percent (which was the biggest increase annually in 2013 compared with initial years) and by end November 2013 the exports earnings from this industry in Sri Lanka stood at US $2.876 billion, which is a substantial amount of foreign exchange bought into the country by a single industry.

    Labels : Blog Archive

    Read more
  • Apparel exports up by 20% to $ 1,257 m

    12/05/2014 Daily News

    02/01/2017
    Apparel exports up by 20% to $ 1,257 m

    Sri Lanka's first quarter exports registered a positive growth of 16%, while monthly exports for March jumped by as much as 27%.

    "This is encouraging for our efforts towards $ 20 bn export goal by 2020 as envisioned by President Mahinda Rajapaksa," said Rishad Bathiudeen, Minister of Industry and Commerce on May 9 in Colombo.

    Accordingly, this year's first quarter provisional exports totalled $ 2.80 bn while the comparative 2013 first quarter total exports stood at $ 2.36 bn, showing a 15.7% Q-on-Q growth.

    Labels : Blog Archive

    Read more
  • SL to place its export products on top e-commerce portal

    11/05/2014 The Island

    02/01/2017
    SL to place its export products on top e-commerce portal

    As Lanka's exports to Japan topped $ 223 Mn mark, Sri Lanka is mulling a strategic, fast-track entry to one of the most coveted online markets in the world-Japan. "Japan is the second biggest retail market in the world. Japanese are also heavy internet users with a large e-commerce base. Using a top Japanese online giant like Rakuten could give Lankan exporters a wide-coverage and a low cost entry to this promising market" said Sujatha Weerakoone (DG-EDB) on 02 May at EDB premises.

    DG Weerakoone was addressing the EDB organized event "Japan's Rakuten Platform for Sri Lankan Products" held for Lankan exporters on 02 May at EDB. The session consisted of a special in-depth presentation by Japan's Kanagawa based Takashi Yoshino (Principal, Y and F Associates LLC) who, in a his presentation, shoed in-depth of the pros and cons, and how to create an online strategy for Lankan exporters to Japan. Eager representatives from more than 40 Lankan export firms were present at the session.

    Labels : Blog Archive

    Read more
  • Sri Lanka's textile & garment exports grow 6.6% in Feb'14

    06/05/2014 Fibre2Fashion

    02/01/2017
    Sri Lanka's textile & garment exports grow 6.6% in Feb'14

    Sri Lanka’s earnings from exports of textiles and garments grew by 6.6 percent to US$ 396.2 million in February 2014, compared to earnings of $371.6 million recorded in same month last year, according to a press release on ‘External Sector Performance – February 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.

    The statement reflected two key trends in Sri Lanka’s textile and garment trade—an increase in apparel exports to non-traditional markets and a higher local value addition in the clothing industry.

    Labels : Blog Archive

    Read more
  • Lanka aiming to be a top 10 apparel exporter by 2020: Minister Rishad

    01/04/2014 Daily Finance Times

    02/01/2017
    Lanka aiming to be a top 10 apparel exporter by 2020: Minister Rishad

    In the aftermath of latest record apparel earnings, Sri Lanka is now entertaining bigger apparel dreams. “Our internationally recognised apparel sector has shown strong performance, and has earned revenues of $ 4.3 billion in 2013. President Mahinda Rajapaksa now wants us to be among the world’s top 10 apparel export countries by 2020,” said Minister of Industry and Commerce Rishad Bathiudeen on 21 March.

    Minister Bathiudeen was addressing the inauguration event of the newly established Leather & Footwear Industry Training Unit and the upgraded Engineering Workshop with mechatronics at the Sri Lanka Institute of Textile and Apparel (SLITA) on 21 March in Ratmalana.

    Labels : Blog Archive

    Read more
  • Sri Lanka’s textile & garment exports soar 23.4% in Jan’14

    27/03/2014 fibre2fachion.com

    02/01/2017
    Sri Lanka’s textile & garment exports soar 23.4% in Jan’14

    The exports of textiles and garments from the island nation of Sri Lanka surged by 23.4 percent year-on-year in the first month of 2014, according to a press release on ‘External Sector Performance – January 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.

    Textiles and garments, which is the main contributor to the growth in industrial exports from Sri Lanka, grew by 23.4 percent to US$ 412 million in January 2014, compared to exports of $333.9 million made during the same month last year.

    Labels : Blog Archive

    Read more
  • Sri Lanka’s textile & garment exports surge 35% in Nov’13

    09/01/2014 Fibre2fashion

    02/01/2017
    Sri Lanka’s textile & garment exports surge 35% in Nov’13

    Sri Lanka has garnered more than $4.6 Mn orders at the recently concluded Kunming Int’l Fair in China-and this too is only from the initial overview of Kunming outcomes rather than any in-depth totals. “I am pleased of the performance of the delegation of 119 companies and businesses that I led to Kunming. I commend EDB for this successful facilitation effort” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 31 July in Colombo.

    Labels : Blog Archive

    Read more
  • Taiwan Textile Fair begins on November 26

    20/11/2013 Daily News

    02/01/2017
    Taiwan Textile Fair begins on November 26

    The top textile companies from Taiwan will be showcasing their cutting edge, unique and high performance textile products at Taiwan Textile Fairs in South Asia 2013 at the Taj Samudra, Colombo, Sri Lanka on November 26 and 27, 2013.

    Taiwan is one of the largest textile exporters in the world and the Taiwan textile industry is internationally renowned for its manufacturing excellence. Their superior quality yarn, innovative fabrics and textile products are now coming to Sri Lanka and will present their range of state-of-the-art textile products to Sri Lankan apparel manufacturers at the Taiwan Textile Fairs in South Asia 2013.

    Labels : Blog Archive

    Read more
  • Japanese apparel market craving for more Lankan made supplies

    01/10/2013 Daily Mirror

    02/01/2017
    Japanese apparel market craving for more Lankan made supplies

    Apparel exports must be expanded to cater to the growing demand for Sri Lankan made products in the Japanese market, according to Japan’s House of Councillors Member Yamatani Eriko.

    “Sri Lankan apparels are of high quality but unfortunately, the supply of Sri Lankan apparels to the demand of the Japanese market is not sufficient at the moment. Therefore, we request steps be taken to expand exports of Sri Lankan apparels to Japan.

    Bilateral trade between Sri Lanka and Japan has a very long history and trade is one of the most important aspects of our bilateral relations. Ceylon tea and other Sri Lankan products such as apparels and ceramics are already popular in Japan,” Eriko stated.

    Labels : Blog Archive

    Read more
  • New regulations likely to boost Sri Lankan apparel exports

    08/08/2013 Fibre2fashion.com

    02/01/2017
    New regulations likely to boost Sri Lankan apparel exports

    Sri Lanka’s apparel sector is likely to benefit from the new regulations issued by the Finance Ministry of the country.

    The regulations cited as the Finance Act - Commercial Hub Regulation (CHR) No. 1 of 2013, will be applicable on all new established enterprises in the country.

    Under the regulation, any new enterprise which is established or incorporated in Sri Lanka, where at least 65 percent of its total investment has been from foreign sources, shall be exempted from the application of Provisions of the Customs Ordinance (Chapter 235), the Exchange Control Act (Chapter 423), the Imports and Exports (Control) Act, No. 1 of 1969, and acts referred to in schedule of the Principle Act as amended by the Finance Act, No.12 of 2013.

    Labels : Blog Archive

    Read more
  • Lanka apparel exporters log on live to global Asycuda network

    01/08/2013 Asian Tribune

    02/01/2017
    Lanka apparel exporters log on live to global Asycuda network

    Rishad Bathiudeen (Minister of Industry and Commerce-centre) and Anura Siriwardena (Secretary, Ministry of Industry & Commerce-right) prepare to launch Sri Lanka's log on to Asycuda World on 30 July at the Ministry of Industry & Commerce, Colombo.

    Sri Lanka’s non-BoI apparel exporters have been now integrated to the crucial global network called Asycuda World (of UNCTAD). And having overcome the global recession, our apparel exports are now back on track-with good news. “Today, Sri Lanka’s apparel sector is entering into a new phase.

    As a result of Sri Lanka’s non-BoI apparel manufacturers directly integrating into the online ‘Asycuda World’ system, we have now cleared a major bottleneck in our apparel exports” announced Rishad Bathiudeen, Minister of Industry and Commerce on 30 July in Colombo. Minister Bathiudeen was addressing the implementation event of the Asycuda World export documentation system for non-BoI apparel exporters held 30 July at the Ministry of Industry and Commerce.

    Labels : Blog Archive

    Read more
  • Tunisia invites Lankan apparel suppliers for a joint venture

    13/07/2013 news.lk

    02/01/2017
    Tunisia invites Lankan apparel suppliers for a joint venture

    Tunisia, the fifth phosphate producer in the world and a high end, high speed apparel supplier to European fashion world is showing a new opening for Lankan apparel supply chains. And Tunisia is agog over Sri Lanka’s growth rates. “We are almost taken up by your strong GDP growth rates that exceed 6%. I congratulate Sri Lanka for its spectacular growth.

    hen you specially compare with the world economic growth rate, it’s such a leading rate” said Tarek Azouz, Ambassador of Tunisia to Sri Lanka on Wednesday (10).

    Azouz was addressing Rishad Bathiudeen Minister of Industry & Commerce during his courtesy call on Minister Bathiudeen at EDB premises in Colombo. Also present along with Minister Bathiudeen were Anura Siriwardena Secretary, Ministry of Industry and Commerce and Bandula Egodage Chairman, Export Development Board and officials from the Department of Commerce.

    Labels : Blog Archive

    Read more
  • Lanka, Eu trade on the rise

    24/06/2013 Daily News

    02/01/2017
    Lanka, Eu trade on the rise

    Minister Bathiudeen with Ambassador Bernard Savage

    As bilateral trade volume closes in on the crucial $ 5Bn mark, historic dialogue between Sri Lanka and the European Union appears to bolster even further. “We look for better trade levels and also thank EU for its on-going support,” said Rishad Bathiudeen, Minister of Industry and Commerce.

    Minister Bathiudeen was addressing Ambassador Bernard Savage (Head of the Delegation to Sri Lanka and the Maldives from the European Commission) on 20 June during Amb. Savage’s farewell courtesy call on Minister Bathiudeen at the EDB premises, Colombo.

    Labels : Blog Archive

    Read more
  • Apparel exports top US$ 4.3 b upto Nov 2014

    02/01/2017
    Apparel exports top US$ 4.3 b upto Nov 2014

    The value of Sri Lanka’s total apparel exports for the first 11 months last year reached US$ 4302.4 million, registering 11% per cent growth. In 2013, Apparel exports had generated US$ 3876 million during the period January to November.

    Labels : Blog Archive

    Read more
  • SRI LANKA: Apparel exports exceed $4bn target

    02/01/2017
    SRI LANKA: Apparel exports exceed $4bn target

    Sri Lanka's apparel and textile sector exported a record US$4.3bn in2013 and its Joint Apparel Association Forum (JAAF) has predictedoverseas sales will continue rising this year.

    The JAAF president Noel Piyatilake told just-style the industry istargeting an ambitious target of US$6bn in exports by 2020, making SriLanka one of the world's top 10 apparel exporting countries.

    Piyatilake is also hoping to gain extra leverage from planned tradeagreements. "We have made several representations to the Sri Lankangovernment to explore the option of entering into preferential treatmentagreements with several countries including China, Japan, India, Braziland Russia, which will benefit our sector immensely," he explained.

    Labels : Blog Archive

    Read more
  • Lankans seek to dress the Chinese

    02/01/2017
    Lankans seek to dress the Chinese

    Sri Lanka’s apparel industry is looking towards China this year aimed at finding new brands and increasing chances of promoting garment exports via a new gateway with trade concessions for its existing buyers to the East Asian partner.

    But reasons for the shift in market focus would also be due to the fact that industries need to align themselves with wherever the free trade agreements (FTA) are entered into by the government, Sri Lanka Apparel Exporters Association Chairman Yohan Lawrnce told the Business Times.

    The Chinese market is said to have grown in addition to a good demand for luxury goods due to the large spending capacity by its locals. As a result of the rising income levels this new emerging market was today becoming a brand and quality conscious market.

    Labels : Blog Archive

    Read more
  • Apparel exports top US$ 4.3 bn in 2013

    02/01/2017
    Apparel exports top US$ 4.3 bn in 2013

    Apparel exports in 2013 have reached an all time record of US$ 4.3 billion compared with US$ 3.8 billion in 2012," said Joint Apparel Association Forum (JAAF) acting Chairman Noel Priyatilleke.

    Speaking at the JAFF 10th Annual General Meeting he said that nevertheless, the challenge ahead of us is not only to sustain this business but also to grow because the Government expects Sri Lankan apparel, tea and rubber to fetch a turnover of US$ 10 billion by 2016 and Sri Lankan apparel has also to be among the first ten apparel exporter countriesof the world by 2020.

    The time has come for us to explore all possible avenues to reach this target and I do believe that Sri Lankan apparel can achieve it, because of the visionary leadership given by the stalwarts of our industry coupled with the business friendly environment created by our Government. Let us get together to perform this task.

    Labels : Blog Archive

    Read more
  • First Indo-Lanka textile agreement inked in Colombo

    02/01/2017
    First Indo-Lanka textile agreement inked in Colombo

    As the first ever textile agreement between India and Sri Lanka became a reality, both neighbours mulled joining to enter a coveted global textile foothold-China, the world’s largest textile market. “China’s textiles are gradually moving from production to consumption. Using our strengths together-Sri Lanka’s first class garment manufacturing infrastructure and India’s quality fabric outputs-let us jointly compete for China’s textile market” said a determined Ms Zohra Chaterji (Secretary of Indian Ministry of Textiles) on 09 September in Colombo.

    Ms Chaterji was addressing Anura Siriwardena (Secretary, Ministry of Industry and Commerce of Sri Lanka) on 09 September at Cinnamon Grand during her delegation’s official meeting with Sri Lanka’s delegation after the signing the first ever MoU between India and Sri Lanka on the same day at Galadari Hotel, Colombo earlier. During the successful Cinnamon Grand meeting, officials from both sides discussed in depth, of the modalities of the morning MoU and how to move forward and implement it in the coming months and agreed on the immediate next steps.

    Labels : Blog Archive

    Read more