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Thursday, 20 May 2010

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Discussions between the Government and the EU on GSP+ underway:

Apparel industry must move upmarket

Sri Lanka has made impressive strides in development of industries especially in the garment sector. The country is poised to make greater strides in this peaceful environment, European Union Ambassador Bernard Savage said. He said the apparel industry should capitalize on opportunities.

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Lanka can exploit Indian rubber market

Huge potential for raw, dry and latex rubber:

The automobile sector in India is growing rapidly making more opportunities for Lankan rubber products. The Indian rubber industry at present is not ready to fill the gap due to the low production. Sri Lanka as the neighbouring country can export rubber to India, Export Development Board Director General Sujatha Weerakoon told the seminar on India Rubber Expo 2011 yesterday.

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Telcos called to tap niche markets

Sri Lankan Telecommunication industry has the capability to acquire European telco companies. Sri Lankan service providers are capable and have the expertise even to acquire top European telecommunication companies, LIRNEAsia Chairman/CEO, Dr Rohan Samarajiva said.

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The apparel industry is US $ 3 billion export business and contributes 10 percent of the GDP. Picture courtesy Global compact asia pacific.com



 
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