The momentum that was created in the 1970s, actually was centred around a totally different economic philosophy, where the survival of the economy would depend, not on the creation of industries within the country for domestic consumption, but on export capabilities.
EDB in its efforts to increase apparel exports to EU, organized an apparel promotion programme in France by participating at the “Apparel Sourcing Paris 2018” which is the leading sourcing trade fair held in Europe for the second consecutive year in collaboration with the Sri Lanka Embassy in France.
The good news is in. The perseverance of the incumbent government of Sri Lanka in negotiating with EU to have GSP Plus Concessions reinstated are eventually paying off. The European Commission, the executive body of the European Union, has proposed that Sri Lanka is eligible to receive GSP Plus Concessions. Once it’s
Each year 250,000 Sri Lankans reach the job market looking for new working opportunities. Since the government sector is filled to the brim, private sector organizations in Sri Lanka is faced with the responsibility of providing 8 out of 10 new jobs, which makes the spark of entrepreneurship, a necessity more than an option today.
Sri Lanka's seafood exports to the European Union picked up 19.9 percent in July 2016 from a year earlier, following the lifting of a ban, and apparel exports rose 3 percent, but lower commodity prices have hit petroleum and tea.
Exports fell 4.4 percent to $891.2 million in July 2016 from a year earlier and imports fell 6.6 percent to $1,432 million dollars, shrinking the trade balance 10 percent to $541 million, official data showed.
With a specialised knowledge and improved awareness, apparel manufacturers makes nearly 90% of the apparel industry in Sri Lanka and joint ventures between local garment manufacturers and international fashion houses accounts for almost three quarters of the garment manufacturing facilities in the country.
While Sri Lankan apparel manufacturers have long being producing latest of designs for leading fashion houses like Ann Taylor, Banana Republic, C&A, Calvin Klein, Chantelle Group, Columbia, Gap, Gloria Vanderbilt, Intimissimi, Lands’ End, Marks & Spencer, Next, Old Navy, Polo Ralph Lauren, Sainsbury, The Limited, and Victoria’s Secret, a number of local fashion designers, produced by local design academies are creating their own niche in global fashion scene.
Leading a local movement to establish a new fashion trend that embraces the Sri Lankan heritage, a group of young fashion designers are creating unique designs in high street fashion, haute couture and sports wear for local and global market.
Sri Lanka's bold initiative in promoting value against volume in a highly competitive global market succeeded in earning the country an export revenue of nearly Rs. Five billion through garment exports in the last year, placing the local fashion and garment industry as the top foreign revenue earner over traditional exports like Tea, coconut and tourism.
After the discontinuation of global quota system in apparels in the year 2005, Sri Lankan garment manufacturers came up with a clever placement of Sri Lankan apparel trade as the most ethical source of garment manufacturing in the world.
Having built itself a global reputation for environment sustainable and labour friendly practices, Sri Lankan apparel manufacturers are seeking to infuse local designs, material and fabrics in to the production of fashion apparels for global market, in an ambitious attempt to develop Sri Lanka in to an Asian fashion giant.
Refined into an art at the royal courts of Portugal and developed into an industry in the annals of Dutch Galle, the delicate art of beeralu or Dutch lace making has endured the test of time over generations.
Once an essential part of the dress of a Southern Belle, Dutch lace is making a comeback in the local fashion scene, thanks to a large number of young designers, who are seeking to add a local touch to their international designs.
In a post-quota era, where competition with mass garment manufacturers is destructive to the workforce as well as to the industry, Sri Lankan garment manufacturers have reinvented themselves as environment friendly, ethical employers of labour.
With the ending of the global quota system in apparels in the year 2005, Sri Lankan garment manufactures were faced with two extreme options. The first was to compete with global giants in mass garment manufacturing in India, Bangladesh, Vietnam and China and the second was to go for a less competitive yet highly risky option of re-branding themselves as eco-friendly and labour friendly producers of quality garments.