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EDB Blog

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Exporter Assistance for 2020 by Sri Lanka Export Development Board

2020-02-25

Exporter Assistance for 2020 by Sri Lanka Export Development Board

With the Sri Lankan Export Development Board seeking to achieve an ambitious target of USD 18.5 Billion in export earnings in 2020, the organisation has doubled its effort to increase the earnings by a 15% compared to the year 2019 through a series of strategic objectives, which seeks to transform the country’s existing approach to export.

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The Trade & Export Landscape of Sri Lanka 2019 -2020

2020-02-17

The Trade & Export Landscape of Sri Lanka 2019 -2020

A combination of local and global terrorism, political turmoil and natural disaster saw the local, as well as the global economy, slowing down compared to the year 2018. Sri Lanka registered a GDP growth of 2.8% during the last year against 3.3% recorded in 2018, while the global GDP also grew at a subdued rate of 2.5%, mainly due to Chinese and the USA trade tension and low growth recorded in the EU and Japan.

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Participation of Sri Lankan Companies at Productronica 2019

2019-11-14

Participation of Sri Lankan Companies at Productronica 2019

The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.

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Implementation of ‘IT Initiative’: Training program in fundamentals of data science

2018-12-05

Implementation of ‘IT Initiative’: Training program in fundamentals of data science

Another successful implementation of the National Budget 2018 though ‘IT Initiative’, marked with the inauguration of the Training Program in Fundamentals of Data Science was held on 29 October, at the Senate Hall of University of Colombo.

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Second symposium to develop national export strategy kicks off

2017-07-12

Second symposium to develop national export strategy kicks off

The Ministry of Development Strategies and International Trade and the Sri Lanka Export Development Board (EDB) will conduct the second consultation for Sri Lanka’s National Export Strategy (NES) from today. Over 300 public and private sector representatives are expected to attend in order to chart the next export growth cycle of the country.

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Reinstatement of GSP Plus Concessions for Sri Lankan Apparel by EU

2017-03-24

Reinstatement of GSP Plus Concessions for Sri Lankan Apparel by EU

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 

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National Strategy for Exports.

2017-02-02

National Strategy for Exports.

The Export Development Board (EDB) has initiated action on the preparation of a National Export Strategy (NES) for the next five years. The EDB is empowered by the Sri Lanka Export development Act to prepare a national Export strategy.

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Apparel Innovations: Manufacturing Smart Garments

2016-11-23

Apparel Innovations: Manufacturing Smart Garments

Beyond doubt, the Apparel industry makes a huge contribution to Sri Lanka’s total export earnings. For the calendar year 2015 alone, Apparel export revenue amounted to a whopping US $4.9 billion. In the light of this fact, the Apparel export sector’s bold ambition to earn US $8 billion as apparel export revenue by 2020 is fairly realistic and achievable. Also, directly employing 400.000 to 600,000 people, the sector consists of some of the country’s largest employers.

In an interview with Lanka Monthly Digest (LMD), Sri Lanka’s premier business magazine, Mr. Aroon Hirdaramani, a Director of the Hirdaramani Group, one of the country’s apparel giants observes that “…it is essential that we have a strong economic framework in place, to support the industry’s continued growth and competitiveness….”

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Colombo hosts 2nd edition of Intex South Asia

2016-11-17

Colombo hosts 2nd edition of Intex South Asia

Intex South Asia, the only international sourcing fair in South Asia which showcases the best in yarns, fabrics (apparel and denim) and clothing accessories, is presenting a grand display at the Exhibition and Convention Centre (SLECC) in Colombo from 16-18 November.

It is the second edition of Intex South Asia and in anticipation of the Sri Lankan apparel industry regaining GSP+ concessions, this year’s exhibition was successful in bringing more than 150 exhibitors from Italy, Japan, South Africa, Korea, China, Taiwan, Singapore, Malaysia, Indonesia, Pakistan, Bangladesh and India to Sri Lanka.

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Intex South Asia 2016 to showcase over 11 countries’ best of textiles

2016-11-15

Intex South Asia 2016 to showcase over 11 countries’ best of textiles

The aim of the new edition of Intex South Asia, which will take place from November 16 to 18, 2016, at the Sri Lanka Exhibition and Convention Centre, Colombo, is to present and showcase the entire value chain by bringing together the best manufacturers of yarns, apparel fabrics, denims, clothing accessories and allied services.

Sri Lanka will soon witness leading international buyers visiting Colombo to attend and source at Intex South Asia. Leading buyers attending the show are from India, Bangladesh, Malaysia, Spain, Pakistan, Saudi Arabia, Hong Kong, China, Thailand, Mauritius, Iran, Australia, the USA, the UK, Europe, Nigeria, South Africa and many more.  The Sri Lankan apparel industry has also blocked its calendar to visit with its teams at this important  mega event.

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Sri Lanka seafood, apparel exports up in July

2016-10-18

Sri Lanka seafood, apparel exports up in July

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.

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EDB links with three new apparel markets

2015-12-01

EDB links with three new apparel markets

Powered by the country’s apex exports facilitator EDB, Lankan apparel sector reported a sudden victory when it snatched a new virgin market and some premium global buyers of three other new markets.

A visiting high powered multinational buyer team finally linked with the EDB reps and Lankan apparel giants on Nov.27 at Mt Lavinia Hotel after a three-year long resolute quest since 2012 by EDB to link with nine top global retailers.

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Taiwan Textile Fair concludes in Colombo

2015-11-30

Taiwan Textile Fair concludes in Colombo

The fourth annual Taiwan Textile Fair concluded at Grand Crystal Ballroom, Taj Samudra Hotel Colombo when. The event was organised by the Taiwan Textile Federation (TTF) and the Bureau of Foreign Trade.

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SL has set an ‘ambitious’ 2020 export target: State Minister Sujeewa

2015-11-16

SL has set an ‘ambitious’ 2020 export target: State Minister Sujeewa

Notwithstanding the global trade decline, Sri Lanka exports sector is highly ambitious aiming for a five-fold jump of its top export of repute, apparels while China’s premium knitting sector is gearing up to partner with surging Sri Lankan apparel sector.

“We are looking to increase total apparel exports by five-fold, to $ 20 Bn. And by 2020 we are aiming at $50Bn national exports, which is an ambitious goal,” said Sujeewa Senasinghe (State Minister of Development Strategies & International Trade) on 16 November.

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Sri Lankan Apparel; creating global high street fashion

2015-08-03

Sri Lankan Apparel; creating global high street fashion

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.

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Sri Lankan Fashion designs in Global Catwalk

2015-07-27

Sri Lankan Fashion designs in Global Catwalk

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.

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Emerging technologies in Sri Lankan Apparel Industry

2015-07-24

Emerging technologies in Sri Lankan Apparel Industry

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.

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#WhoMadeMyClothes – The quest for ethically produced garments

2015-07-24

#WhoMadeMyClothes – The quest for ethically produced garments

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.

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The Future in Fashion; A New Generation of Fashion Designers in Sri Lanka

2015-07-24

The Future in Fashion; A New Generation of Fashion Designers in Sri Lanka

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.

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