Sri Lankan garment industry unaffected by Western economic crises

Sri Lankan apparel industry has remained unaffected by the financial crisis that has gripped some of the Western nations, British High Commissioner to Sri Lanka, John Rankin has said.

Addressing the annual general meeting (AGM) of the Sri Lanka Apparel Exporters’ Association (SLAEA), he said in spite of the debt crisis affecting some of the Western economies, UK still remains Sri Lanka’s second-most leading trading partner in terms of volume and added that the prospects for mutual trade between the two economies remains positive.

He stated that Sri Lanka can establish itself as a logistics centre for garment producers all across the region.

He revealed that there are more than 100 firms in Sri Lanka that have a UK connection as they have clothing majors like Tesco, Next, Marks and Spencer and Triumph as their importers. Moreover, UK firms continue to view Sri Lanka as a key sourcing destination for importing premium quality clothing at reasonable prices.

For more details : Sri Lankan garment industry unaffected by Western economic crises @ Fibre2fashion

0 comments:

Post a Comment

Copyright © ultimate style. All Rights Reserved.
Blogger Template designed by Click Bank Engine.