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Despite drawbacks, exports up in June: Mr. Bandula Egodage

2013-07-30

Despite drawbacks, exports up in June: Mr. Bandula Egodage

Despite the drawbacks of the anticipated economic recovery in the European Union and the United States not taking place and also the unsettled conditions in the Middle East, there has been a commendable increase in the country’s export earnings in June this year, said Bandula Egodage, Chairman and Chief Executive of the Sri Lanka Export Development Board .

Addressing the 16th annual general meeting of the Exporters’ Association of Sri Lanka as the guest of honour, Egodage said that according to provisional Customs data, Sri Lanka’s export earnings had recorded a commendable increase in June this year and exports to our key markets USA and EU, especially to the USA, had also shown a satisfactory increase in the same month.

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FACETS Sri Lanka to take centre stage for 23rd year

2013-07-25

FACETS Sri Lanka to take centre stage for 23rd year

FACETS Sri Lanka 2013, the International Gem and Jewellery Show that showcases hundreds of local and foreign exhibitors, will be held from August 29 to September 1 at the Sirimavo Bandaranaike Memorial Exhibition Centre. This year’s exhibition will comprise over 150 booths with a variety of gem and jewellery that include precious and semi-precious gems.

Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), FACETS Sri Lanka enables all gem and jewellery traders to display market collections and also help create awareness about the importance of the gem and jewellery industry in Sri Lanka. Additionally, the event will consist a seminar on 'Gem and Jewellery in Sri Lanka' conducted by an expert panel of local and International panelists.

FACETS Sri Lanka 2013 encompasses individual exhibitor pavilions from Myanmar, The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Sri Lanka Export Development Board (EDB) . In addition, buyer delegations from USA, China, Russia and India will also be arriving. Stall holders from Singapore, Dubai, Myanmar and India will be participating at the event.

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Sri Lanka InfoTech, firms in fast growth: industry chamber

2013-07-25

Sri Lanka InfoTech, firms in fast growth: industry chamber

Sri Lanka's information technology and business process outsourcing sector has tripled exports and doubled the workforce in a little over five years, an industry official said.

The Sri Lanka Association of Software and Services Companies (SLASSCOM) say export revenues grew 182 percent to an estimated 600 million US dollars in 2013 from 213 million US dollars in 2007.

Total employment in the industry rose 100 percent to 67,000 in 2013 from 33,000 in 2007, the chamber's newly elected chairman Madu Ratnayake, from Virtusa, an information technology company said.

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Morocco looking for more trade, JVS with Sri Lanka

2013-07-24

Morocco looking for more trade, JVS with Sri Lanka

Morocco has shown keen interest to boost trade and industrial cooperation with Sri Lanka.

“We need to expand our bilateral trade as well as our industrial cooperation. Investors from both countries can also enter into joint ventures in many sectors; we are strong in rubber and fishery -technologies that Sri Lanka can benefit from us considerably,” said Moroccan Ambassador to Sri Lanka, Larbi Reffouch during his recent meeting with Industry and Commerce Minister Rishad Bathiudeen at the Export Development Board.

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‘Start making use of benefits given to industries’- Minister Rishad Bathiudeen

2013-07-19

‘Start making use of benefits given to industries’- Minister Rishad Bathiudeen

Industrialists should make the maximum use of the many facilities and benefits given to them by the government. "To develop our industry sector, the government has given many facilities to our industries and industrialists should start making maximum use of them. As the facilitators of industry development of Sri Lanka, we thank Dr PB Jayasundara, the Secretary, Ministry of Finance and Planning for directly meeting our industrialists on 16 July and successfully explaining and updating them on the government policies on industries" said Rishad Bathiudeen, Minister of Industry and Commerce on 16 July in Colombo, as quoted in a press communiqués issued by the ministry.

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Lankan business delegation in South Africa

2013-07-14

Lankan business delegation in South Africa

The visit of a Sri Lankan business delegation to South Africa is a joint initiative of the Sri Lanka High Commission in Pretoria and the Sri Lanka Export Development Board (EDB) and Tea Board for the participation of Sri Lankan exporters at the SAITEX 2013 International Trade fair held at the Gallagher Convention Centre in Midrand from June 30 to July 2.

Leading Sri Lankan companies - DSI Tyres, Kelani Cables, Rathna Cinnamon Producers and Exporters, Queens Workwear, Nature's Secrets and Lalan Rubber - exhibited at the Sri Lanka pavilion while Basilur Tea Exporters and Sunshine Tea Exporters were at the Tea Board pavilion at the exhibition.

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Tunisia invites Lankan apparel suppliers for a joint venture

2013-07-13

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.

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Lanka rejuvenates a crucial export setup

2013-07-12

Lanka rejuvenates a crucial export setup

“Today is an important day in Sri Lanka’s exports sector. We are appointing the Advisory Committees of Sri Lanka’s premier national exports organization, the EDB, and also launching the next international mega event in our exports calendar which is the ‘EXPO 2014” said Minister Bathiudeen, and added: “The global markets continue to show changing demand patterns, not only due to the recent global economic crisis but also as a result of long term fundamental changes in overall global consumption and shifting world market patterns. For example, 66% of the world market and population growth in the next century is expected to come from Africa."

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Sri Lanka has opportunities in export food processing

2013-07-11

Sri Lanka has opportunities in export food processing

Sri Lanka has to build capacity opportunities to be a processed food exporter, taking a cue from developments that occurred in East Asian nations such as Thailand and Vietnam, an Australia-based economist said.

Prema-chandra Athukorale, professor of economics at Australian National University said in Thailand 23 percent of non-oil exports were processed foods and in Vietnam it was 27 percent and in Sri Lanka only 5.0 percent.

He said global food habits were changing and there were opportunities for Asia food exporters.

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EDB to develop medical, health tourism

2013-07-02

EDB to develop medical, health tourism

The Export Development Board (EDB) has identified the potential growth of global Medical Tourism sector and capability of Sri Lankan medical and health tourism providers. EDB has requested assistance of International Trade Center (ITC) to develop this sector.

Accordingly ITC decided to have a case study in Sri Lanka health /medical tourism sector to access the capabilities of Sri Lanka in this sector and to benchmark Sri Lankan capabilities compared to the global Medical Tourism Industry.

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Expo Pakistan 2013 opens in Sri Lanka

2013-06-27

Expo Pakistan 2013 opens in Sri Lanka

The High Commission of Pakistan in Sri Lanka in association with the Trade Development Authority of Pakistan (TDAP), formally launched The EXPO Pakistan 2013- Opportunities Unlimited on 24 June, 2013 in Colombo.

Minister for Industries and Commerce of Sri Lanka, Rishad Bathiuddin graced the occasion as the Chief Guest and jointly inaugurated the event, with the High Commissioner of Pakistan, Maj Gen Qasim Qureshi (Retd).

Chairman Export Development Board of Sri Lanka, Bandula Egodage, representatives of the main chambers of Sri Lanka i.e. Ceylon Chambers, National Chambers of Industries, Federation of Chambers of Commerce, Women Chamber of Sri Lanka and the members of Sri Lanka-Pakistan Business Council, along with major business houses such as Aitkens Spence, Ceylon Biscuit Limited, Akbar brothers, Calico, CW Mackie, Haleys, Macksons, Eswaran Brothers, Packages Lanka, Hands Logistics and Tunip Lanka attended the ceremony.

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Japan to boost SL’s banana exports

2013-06-26

Japan to boost SL’s banana exports

Japan’s ITOCHU Corporation will help further strengthen Japan-Sri Lanka trade ties under which investments are to be for expanding the island’s banana and tuna fishing industries and greater export opportunities will be provided for products.

Kouhei Watanebe, Chairman , the Japan - Sri Lanka Business Co-operation Councial and  advisor to ITOCHU corporation said this when he and the corporation’s representatives met Economic Development Minister Basil Rajapaksa at the ministry office on Tuesday June 25.

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Lanka, Eu trade on the rise

2013-06-24

Lanka, Eu trade on the rise

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.

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Processed food exports top $ 73 m

2013-06-23

Processed food exports top $ 73 m

“In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 million.

Our overall processed food exports which stood at $ 67.1 million in 2010 rose to a strong $ 95 million in 2011,” said Minister of Industry and Commerce, Rishad Bathiudeen at the launch of the first International Food Safety and Compliance training sessions for Sri Lanka’s food exporters by Associate Professor of the Department of Food Science and Human Nutrition of the Washington State University, Food Scientist, Dr. Barbara Rasco, were held at the Ministry of Industry and Commerce.

The pioneering session was organised by the Sri Lanka Food Processors’ Association and the Ministry of Industry and Commerce with the Spice Council and VEGA-FEG. The sessions were held from June 11 to June 21.

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Rishad, top Washington scientist start Lanka’s first Food Compliance

2013-06-19

Rishad, top Washington scientist start Lanka’s first Food Compliance

For the first time in Sri Lanka’s exports history, on June 11, a renowned global food scientist began  to extensively train Lankan food exporters on the much needed international regulatory compliance rules.

Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka said that processed food has grown to become a key component of Sri Lanka’s overall annual food exports. In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 Mn. Sri Lanka's overall processed food exports which stood at $ 67.1 Mn in 2010 rose to a strong $ 95 Mn in 2011 added the Minister.

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‘More Americans looking for Lankan spiced food’ – Dr Rasco

2013-06-19

‘More Americans looking for Lankan spiced food’ – Dr Rasco

For the first time in Sri Lanka’s exports history, a renowned global food scientist began on June 11 to extensively train Lankan food exporters on the much needed international regulatory compliance rules. And processed food has grown to become a key component of Sri Lanka’s overall annual food exports.

“In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 mn. Our overall processed food exports which stood at $ 67.1 mn in 2010 rose to a strong $ 95 mn in 2011,” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on June 11 in Colombo. Minister Bathiudeen was addressing the launch event of fist International Food Safety and Compliance Training session by globally renowned Food Scientist Dr. Barbara Rasco, Associate Professor of the Department of Food Science & Human Nutrition of the Washington State University.

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Sri Lanka cinnamon exporters required to adhere to specifications

2013-06-15

Sri Lanka cinnamon exporters required to adhere to specifications

Senior Minister for International Monetary Co-operation Dr. Sarath Amunugama has proposed to make it mandatory for Sri Lanka's cinnamon exporters to adhere to the specifications for Sri Lanka standard for exporting of cinnamon.

The proposed measure is aimed at preventing the export of low quality cinnamon and enhancing the production of cinnamon in the country sustaining the livelihood of more than 350,000 families engaged in the industry, the government says.

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Sri Lanka, Austria talks on development projects

2013-06-13

Sri Lanka, Austria talks on development projects

The growth of bilateral trade between Sri Lanka and Austria, despite the economic recession in Europe and the steady increase in direct foreign investment from Austria augur well for the future of relations between Sri Lanka and Austria, External Affairs Minister Professor G L Peiris said.

He said this during a meeting on Tuesday with Austria's Vice Chancellor (Deputy Prime Minster) and European and International Affairs Minister Dr Michael Spindelegge at the Foreign Ministry in Vienna.

The ministers noted that Austrian companies are showing increasing interest in bidding for major infrastructure development projects, while others have already undertaken construction projects in Sri Lanka, including the Greater Colombo sewerage system rehabilitation project.

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Sri Lanka exports 2% of world’s ornamental fish supply

2013-06-12

Sri Lanka exports 2% of world’s ornamental fish supply

Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen yesterday revealed that Sri Lanka have more than 2% share of the global ornamental fish market which is around US$ 340 million. “We are also now recognised as one of the best ornamental fish suppliers to the international market.”

Bathiudeen was addressing the press briefing held at the Export Development Board (EDB) to announce Sri Lanka’s strong achievements at the AQUARAMA 2013 event in Singapore.

More than 300 competitors from 10 countries, submitting 1,350 entries, were taking part in the highly competitive AQUARAMA 2013 international ornamental fishery event held in Singapore from 28 May to 2 June.

Seventeen Sri Lankan firms, facilitated and sponsored by EDB, competing in the event won 30 awards, which was symbolically re-awarded by Minister Bathiudeen with his praise, yesterday.

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Nestlé Lanka VP takes over as EDB Chairman

2013-06-11

Nestlé Lanka VP takes over as EDB Chairman

A corporate affairs and communications professional from one of the world’s largest food and beverage multinationals has been appointed as the new Chairman of the Export Development Board (EDB) of the Ministry of Industry and Commerce.

Minister of Industry and Commerce Rishad Bathiudeen yesterday appointed Nestlé Lanka PLC Vice President of Corporate Affairs and Communication Bandula Egodage to the helm of EDB.

He will continue in his permanent position at Nestle Lanka. The new appointment follows the resignation of Janaka Ratnayake late last year.

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