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Govt. keen to triple rubber industry to $3b

2014-08-31

Govt. keen to triple rubber industry to $3b

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.

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Rubber Industry Facing Great Challenges

2014-08-31

Rubber Industry Facing Great Challenges

The rubber industry is facing great challenges from an increasingly competitive global market, said Dr Abdul Aziz, Secretary General of International Rubber Research and Development Board (IRRDB) and also the Chairman of Confexhub Malaysia on Thursday in Colombo.

Announcing the Global Rubber Conference to be held in Sri Lanka in October, he said that in the past few years, many other commodities had surpassed the rubber industry and therefore, it was imperative for the rubber industry to gear up and meet those challenges. The 4th Global Rubber Conference (GRC 2014), one of the world’s leading conferences on rubber sector, is to be held in Colombo from October 27 to 30.

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Finished rubber goods export up

2014-08-17

Finished rubber goods export up

In 2013, Sri Lanka's natural rubber sheet exports stood at US $71.6 million, while the export of finished rubber goods stood at US $ 887 million, compared to US $ 856 million in 2012, an increase of 4%, said Industry and Commerce Minister Rishard Bathiudeen at the inauguration of the second edition of Sri Lanka PLAST and the first edition of RUBEXPO at the BMICH last week.

“Our plastic exports stand at US $60.11 million compared to US $ 57 million in 2012, an increase of 5%. We encourage value addition for rubber exports. These two sectors have been identified as thrust industries and are expected to contribute significantly to national economic growth and help meet our planned 7.8% GDP target this year,” he said.“Our company exports rubber products and slippers to India in fairly large quantities.

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Top Asia-Pac fishery man prepping Colombo for rare int’l confab

2014-08-13

Top Asia-Pac fishery man prepping Colombo for rare int’l confab

Sri Lanka will feature a rare international confab this November –and many top global fishery experts and exporters will gather together in one place for the first time in South Asia, as announced on 12 August. “First ever International Ornamental Fish Conference to be held in Sri Lanka is taking place this November with EDB’s support. We thank Malaysia based INFOFISH for affording this opportunity to Sri Lanka” said an upbeat Bandula Egodage (Chairman/CEO-EDB) on 12 August at EDB.

Chairman Egodage was meeting Dr Abdul Basir Kunhimohammed (Director General- INFOFISH) on 12 August at EDB. Visiting INFOFISH DG Dr Kunhimohammed is currently in Colombo to hold preparatory meetings with Lankan stakeholders for the first ever INFOFISH Global Conference to be held in Sri Lanka titled “Sri Lankan International Ornamental Fish Conference” scheduled on 10-11 November at Kingsbury Hotel, Colombo.

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Geographical Indication for Ceylon cinnamon soon

2014-08-04

Geographical Indication for Ceylon cinnamon soon

In response to a longstanding cry by the spices and allied exporters, action is now underway to obtain the Geographical Indication (GI) for Ceylon cinnamon and other allied products of which the geographical origin and its possessed qualities will be identified with a unique sign in the international market place.

Among other local authorities, the World Trade Organization (WTO), one of the protectors of GIs at international level has already agreed to assist Sri Lanka in providing technical support and a common front for commodities has expressed its willingness to fund the project. “The ministry and the National Intellectual Property office of Sri Lanka are directly involved with this operation with the Export Development Board (EDB) with the assistance of Spices and Allied Products Producers’ and Traders’ Association (SAPPTA),” said the Industry and Commerce Ministry Secretary Anura Siriwardena addressing SAPPTA’s 30th annual general meeting.

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IT/BPM export projections at $850 mln for 2014 – report

2014-08-03

IT/BPM export projections at $850 mln for 2014 – report

Local IT and business process management (BPM) exports have grown “significantly” from US$213 million in 2007 to an estimated $720 million in 2013 and a projected $850 million in 2014; according to the recently issued “Sri Lankan IT-BPM Industry Review 2014″ report, which was commissioned by private sector body SLASSCOM, and prepared by PriceWaterhouseCoopers Sri Lanka.

Further, the report also added that “(total) employment grew from 33,700 in 2007 to an estimated 75,100 employees in 2013, and the number of companies in the industry grew from 170 in 2007 to over 220 in 2013″. At the same time, the report also projects employment for 2014 as reaching 82,850.

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