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It’s ‘full steam ahead’ for the industry : Boat and ship model testing facility to be set up

2019-08-11/ http://www.sundayobserver.lk/2019/08/11/business/it%E2%80%99s-%E2%80%98full-steam-ahead%E2%80%99-industry-boat-and-ship-model-testing-facility-be-set

It’s ‘full steam ahead’ for the industry : Boat and ship model testing facility to be set up

The country’s boat-building industry has an ambitious target of doubling its export revenue to reach US $ 250 million by 2022.

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National Export Strategy: A year into implementation

2019-08-07/ http://www.ft.lk/business/National-Export-Strategy-A-year-into-implementation/34-683517

National Export Strategy: A year into implementation

Opening a new chapter in the exports playbook, the Government of Sri Lanka launched its flagship national agenda – The National Exports Strategy (NES) – in July 2018. The ambitions and outward looking agenda

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Interbrand inspires new ‘Sri Lankan Made’ country-of-origin trademark

2019-08-07/ http://www.ft.lk/business/Interbrand-inspires-new-Sri-Lankan-Made-country-of-origin-trademark/34-683441

Interbrand inspires new ‘Sri Lankan Made’ country-of-origin trademark

Interbrand, the world’s largest and most influential brand consultancy, has completed the development of Sri Lanka’s country-of-origin trademark for the spices sector. The trademark supports growers, processors and manufacturers by helping them to clearly identify their products as ‘Sri Lankan Made’ and informs customers and consumers that all significant parts, produce, processing and products are of genuine Sri Lankan origin.

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Sri Lanka Electronic Manufacturers and Exporters Association holds AGM

2019-08-07/ http://www.ft.lk/business/Sri-Lanka-Electronic-Manufacturers-and-Exporters-Association-holds-AGM/34-683526

Sri Lanka Electronic Manufacturers and Exporters Association holds AGM

Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA) hosted its 21st Annual General Meeting on 25 July at the Ramada Colombo.

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Govt. helps biz map Indian entry

2019-08-06/ Source at: Daily FT

Govt. helps biz map Indian entry

To help Sri Lankan companies eyeing the daunting Indian market, the International Trade and Development Strategies Ministry yesterday launched a new report to assist breaking into India, with Minister Malik Samarawickrama undertaking a visit to India this week to help local businesses find success across the Palk Strait.

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Sri Lanka’s innovation and entrepreneurship strategy: An agenda to boost economic dynamism

2019-08-04/ http://www.sundayobserver.lk/2019/03/24/opinion/sri-lanka%E2%80%99s-innovation-and-entrepreneurship-strategy-agenda-boost-economic

Sri Lanka’s innovation and entrepreneurship strategy: An agenda to boost economic dynamism

Around the world, shifts in political economy, technology and the environment are contributing to increasingly turbulent conditions in which policymakers are having to respond to complex dynamics and new sources of uncertainty. Science, technology and innovation are often at the heart of these changes.

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EDB Turns 40 : Contribution to the Economy of the Nation

2019-08-02

EDB Turns 40 : Contribution to the Economy of the Nation

The Sri Lanka Export Development Board [EDB] which turned 40 years on 1st August is the premier state organization for the development and promotion of exports. The Board plays myriad roles in the export sector of the economy, as a Policy Advisor, Monitor, Promoter, Facilitator and Knowledge Provider in carrying out its responsibilities of implementing strategies for achieving national export targets.

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National Exports Strategy: ICTA partners MoDSIT to implement IT-BPM sector initiatives

2019-08-02/ http://www.ft.lk/it-telecom-tech/National-Exports-Strategy-ICTA-partners-MoDSIT-to-implement-IT-BPM-sector-initiatives/50-683186

National Exports Strategy: ICTA partners MoDSIT to implement IT-BPM sector initiatives

The Sri Lanka National Exports Strategy (NES) has been swiftly moving its priority actions into implementation since its launch in July 2018.

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Sri Lanka’s skilled workforce has shown its capability to perform in a stellar way, in spite of the challenges faced by the country

2019-08-01/ http://investsrilanka.com/sri-lankas-skilled-workforce-has-shown-its-capability-to-perform-in-a-stellar-way-in-spite-of-the-challenges-faced-by-the-country-in-recent-months/

Sri Lanka’s skilled workforce has shown its capability to perform in a stellar way, in spite of the challenges faced by the country

Sri Lanka’s skilled workforce was not affected by the recent events that occurred on Easter Sunday when several churches and hotels were attacked by terrorists.  The workforce in the electronics industry showed a very high turnover according to leading investors in that sector.

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Workshop on Tyre Compounding & Tyre Technology for Sri Lankan Tyre Manufacturing Industry

2019-07-29

Workshop on Tyre Compounding & Tyre Technology for Sri Lankan Tyre Manufacturing Industry

EDB in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) organized a two day workshop in July 2018 on Product Innovation, Technology and R&D to upgrade the knowledge of the tyre manufacturers/exporters by obtaining the services of Technical Experts from India. The first collaborative tyre workshop was conducted successfully with the participation of over 100 technical personnel of leading tyre manufacturing & exporting companies in Sri Lanka.

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Facets 2019 to promote local gem and jewellery industry with bigger and better show

2019-07-26/ http://www.ft.lk/lifestyle/Facets-2019-to-promote-local-gem-and-jewellery-industry-with-bigger-and-better-show/8-682709

Facets 2019 to promote local gem and jewellery industry with bigger and better show

In a bid to attract international dealers to Sri Lanka’s industry, the launch of the 29th edition of Facets International Gem and Jewellery Exhibition, which promises a ‘bigger and better’ show than ever before, was announced recently.

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Nine Lankan firms showcase at Texworld/Apparel Sourcing USA and Home Textile Sourcing Expo

2019-07-25/ http://www.ft.lk/business/Nine-Lankan-firms-showcase-atTexworld-Apparel-Sourcing-USA-and-Home-Textile-Sourcing-Expo/34-682633

Nine Lankan firms showcase at Texworld/Apparel Sourcing USA and Home Textile Sourcing Expo

Nine Sri Lankan garment manufacturers participated at the summer 2019 editions of Texworld/Apparel Sourcing USA and Home Textile Sourcing Expo this week in the USA.

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ICT Industry Skills Council steps up initiatives

2019-07-25/ http://www.ft.lk/it-telecom-tech/ICT-Industry-Skills-Council-steps-up-initiatives/50-682601

ICT Industry Skills Council steps up initiatives

In yet another significant step forward, the ICT Industry Skills Council (ICTISC) is planning to introduce significant impetus to the Information and Communication Technology (ICT) Skills Development in the country.

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Exports grow 11.4% in first half of 2019

2019-07-24/ Source at: Daily FT

Exports grow 11.4% in first half of 2019

Despite global and local challenges, Sri Lanka’s merchandised and service exports have risen by 11.4% to $ 8.5 billion in the first half of this year, prompting the Government to attribute it to a series of development efforts and assure further support. Releasing the latest yet provisional data, Development Strategies and International Trade Minister Malik Samarawickrama said yesterday that export sector performance was commendable, though he admitted there is significant scope for higher value. “The 11.4% growth, despite the impact of the October 2018 undemocratic constitutional coup, and the Easter Sunday tragedy, as well as global challenges, is very satisfactory. For the first time, three months of first half of 2019 - January, March and June - have produced over $ 1 billion worth of merchandised exports. We had originally set an ambitious $ 20 billion target for 2019, but we may miss it and end up at around $ 18.5 billion, which will be still higher than the $ 16 billion achieved last year,” Samarawickrama said.

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Sri Lanka looks for more partnerships with UAE

2019-07-23

Sri Lanka looks for more partnerships with UAE

A delegation led by Hon. Nalin Bandara, Deputy Minister of Development Strategies & International Trade comprising officials from both the public and private sector visited United Arab Emirates (UAE) and met several important trade partners in the UAE. The delegation had very fruitful discussions with the Dubai Chamber of Commerce & Industry, Sharjah Chamber of Commerce & Industry as well as Al-Maya Group and the Lulu Supermarket International.

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Sri Lanka, All set for Expo 2020 Dubai

2019-07-18

Sri Lanka, All set for Expo 2020 Dubai

Sri Lanka is now officially an approved participant at the World Expo 2020 Dubai as the Government of Sri Lanka signed the Official Participation Contract with the "Dubai Expo 2020 Bureau” on 08th July 2019. The high level delegation to the UAE for the Contract signing Ceremony was led by Hon. Nalin Bandara, Deputy Minister of Development Strategies & International Trade. Ms. Indira Malwatte, Chairperson & Chief Executive, Sri Lanka Export Development Board as the Commissioner General for Sri Lanka of Expo 2020 Dubai, signed the Official Participation Contract on behalf of Sri Lanka with Mr. Najeeb Mohammed Al-Ali, Executive Director of Dubai Expo 2020 Bureau in the presence of Hon. Nalin Bandara, Deputy Minister of Development Strategy and International Trade.

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9 SL garment manufacturers to participate at Texworld/Apparel Sourcing, Home Textile Sourcing in US

2019-07-17/ http://www.ft.lk/business/9-SL-garment-manufacturers-to-participate-at%C2%A0Texworld-Apparel-Sourcing--Home-Textile-Sourcing-in-US/34-682041

9 SL garment manufacturers to participate at Texworld/Apparel Sourcing, Home Textile Sourcing in US

A total of nine Sri Lankan garment manufacturers will participate at the summer 2019 edition of Texworld/Apparel Sourcing and Home Textiles Sourcing next week in the US.

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EDB exporters’ forums provide relief to businesses

2019-07-12/ Source at: Daily FT

EDB exporters’ forums provide relief to businesses

The Sri Lanka Export Development Board (EDB) has been conducting the Exporters’ Forum since its inception from late 70s. The EDB has identified the need of a common platform to discuss and resolve the issues faced by the exporter community in Sri Lanka in order to facilitate exporters to overcome constraints arising from policy and operational issues created by various institutes that regulate, operate, and facilitate cross border trade. The EDB as the nation’s prime institute to facilitate export development created this mechanism to enable exporters to submit their issues to the highest levels of state institutions that cannot be reached easily by a trader. The unique feature of the Exporters’ Forum is the participation of the private sector and the public sector to resolve issues, with the political leadership represented by the relevant minister together with direct ministry-level interventions providing solutions to address those issues.

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EDB Implements Capacity Building Programme for SME Jewellery Manufactures - Design, Product and Market Development

2019-07-10

EDB Implements Capacity Building Programme for SME Jewellery Manufactures - Design, Product and Market Development

The SME Jewellery Manufacturers play an important role in the Gem & Jewellery sector. However their contribution to exports is minimal due to a number of reasons. The two major factors which hinder the progress of the SMEs are the lack of awareness on the benefits of using design as a differentiator in the international market and lack of designers who are capable of producing exquisite designs to attract the high end segment in the international market. 

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Sri Lanka FMCG products promoted in UAE

2019-07-09

Sri Lanka FMCG products promoted in UAE

The Sri Lanka visiting delegation to Dubai for signing of Official Participation Contract of Expo 2020 Dubai has met with Mr. Kamal Vachani, Group Director of Al Maya Group, a main Super Market Chain in United Arab Emirates. The Sri Lanka delegation for the meeting was led by Ms. Indira Malwatte, Chairperson & Chief Executive of Sri Lanka Export Development Board. Mr. Chaitha Yattogoda, Consul General of Sri Lanka in Dubai was also present for the meeting together with other private and public sector delegates.

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