Nine investors await Goverment clearance:
Apparel industry launches regional road show
The Board Of Investment has received nine applications from investors
in the apparel sector who have shown willingness to set up factories in
the Northern and Eastern parts of the country.
H M R B
Around 9,000 employment opportunities are expected to be created
through these factories.
However, investors are waiting for the go ahead from the Government
to commence these projects after resolving land issues and
This was revealed at a press conference held to announce the launch
of an apparel industry regional road show for an islandwide awareness
building and recruitment drive.
The Government and the Sri Lankan apparel sector will explore
possibilities to export Sri Lankan apparels to Japan, India, Canada,
China and Brazil in the years to come in addition to the present Sri
Lanka’s major apparel export markets USA and the EU.
Initial discussions have already been made by relevant Sri Lankan
authorities pertaining to the possible Sri Lankan garments exports
opportunities to the Japanese market, Industry and Commerce Ministry
Additional Secretary H M R B Herath said.
An official representing the Joint Apparel Association Forum (JAAF)
said local investors are optimistic about the possible growth in the Sri
Lankan apparel industry in years to come as some issues taking place in
China and Egypt have created more opportunities for the local apparel
Though the confidence level of the industry is high, there is no
capacity in the apparel sector to meet increased international orders.
The Sri Lankan apparel sector needs to work in full capacity to gain
“The major global brands in the apparel sector also look at
increasing additional production capacity in Sri Lankan garment
factories,” the JAAF official said.
Officials in the apparel industry expressed satisfaction about many
local apparel industry related investments taking place in Bangladesh
and other countries. They said local investments in foreign countries
would definitely grow the national income and total exports volume
promoting the country.
“Investing in foreign countries should be looked as an opportunity
rather than a threat,” they said.
The entire manufacturing capacity in the world is being contracted
due to the various reasons. But the Sri Lankan apparel industry will
look at ample opportunities to increase production capacity with the
socio and ecological responsibilities while maximizing speed of
production delivery in the face of present global scenario.
It is revealed that many closed down garment factories in the country
have also been taken by major garment factories in the country and work
is in full capacity now. The industry has managed to create around
400,000 employment in the various manufacturing fields in the apparel