Sri Lanka's apparel sector exports is expected to reach US$8 billion in by 2020, a top apparel industry official said on Monday.
Rohan Masakorala - CEO of Shippers' Academy Colombo, was speaking at a media briefing organized to announce the 9th 'Colombo International Yarn and Fabric Show 2017' at the Kingsbury Hotel in Colombo.
Mr. Masakorala, a former Secretary General of the Joint Apparel Association Forum (JAAF), added, "After regaining GSP + we believe that apparel exports will increase in the coming years."
Referring to other sectors of the economy, he said that Sri Lanka lacks marketing of its sea and air ports which are valuable assets that could trigger revenue to the country.
At the media briefing it was stated that the exhibition will be held parallel to two other exhibitions at the Sri Lanka Exhibition and Convention Centre in Colombo from 15-17 September. 'International Home Textile Sri Lanka Expo 2016' will be held for the first time together with the 2nd 'Sri Lanka International Air Freight, Shipping and Logistics Expo 2017.' (RM)
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
Leave Comments