Scribd Logo
Upload

Welcome to Scribd!

  • 35 views

    3 Sri Lanka Sustainability in Focus

    Uploaded by

    DINKER MAHAJAN
    Sustainability initiatives remained a focus in Sri Lanka's textiles and garment sector in 2019, though businesses were temporarily affected by delays in raw material shipments and security checks following April church bombings. Key developments included work on a new fabric processing park and low utilization of an EU trade preference program. Sri Lanka's textile and garment exports increased 6.6% year-over-year in the first ten months of 2019, with the industry aiming for $8 billion in exports by 2025.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    3 Sri Lanka Sustainability in Focus

    Uploaded by

    DINKER MAHAJAN
    35 views1 page
    Sustainability initiatives remained a focus in Sri Lanka's textiles and garment sector in 2019, though businesses were temporarily affected by delays in raw material shipments and security checks following April church bombings. Key developments included work on a new fabric processing park and low utilization of an EU trade preference program. Sri Lanka's textile and garment exports increased 6.6% year-over-year in the first ten months of 2019, with the industry aiming for $8 billion in exports by 2025.

    Original Description:

    ARTICLE ON TEXTILE SUSTAINABILITY IN SRI LANKA

    Original Title

    3 SRI LANKA SUSTAINABILITY IN FOCUS

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Sustainability initiatives remained a focus in Sri Lanka's textiles and garment sector in 2019, though businesses were temporarily affected by delays in raw material shipments and security checks following April church bombings. Key developments included work on a new fabric processing park and low utilization of an EU trade preference program. Sri Lanka's textile and garment exports increased 6.6% year-over-year in the first ten months of 2019, with the industry aiming for $8 billion in exports by 2025.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    35 views1 page

    3 Sri Lanka Sustainability in Focus

    Uploaded by

    DINKER MAHAJAN
    Sustainability initiatives remained a focus in Sri Lanka's textiles and garment sector in 2019, though businesses were temporarily affected by delays in raw material shipments and security checks following April church bombings. Key developments included work on a new fabric processing park and low utilization of an EU trade preference program. Sri Lanka's textile and garment exports increased 6.6% year-over-year in the first ten months of 2019, with the industry aiming for $8 billion in exports by 2025.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    SRI LANKA: SUSTAINABILITY IN FOCUS

    BY: DIPESH SATAPATHY

     
    Sustainability initiatives were at the heart of Sri Lanka’s textiles-garment sector, which was
    temporarily affected following the April 21 blasts.

    Sustainability initiatives remained the focus in 2019 in Sri Lanka’s textiles and garment sector, whose
    businesses were temporarily affected by the delay in clearance of raw material shipments and security
    checks following the April 21 blasts in churches across the country. Work on a new fabric processing
    park in Batticaloa and the relatively low utilisation rate of the generalised system of preference plus
    (GSP) facility of the European Union (EU) were the other key developments.

    Sri Lanka’s earnings from textiles and garment exports increased by 6.6 per cent year on year to $4.62
    billion in the first ten months of 2019, according to the Central Bank of Sri Lanka (CBS), which said
    earnings increased in October following a slight decline recorded in September 2019, supported by
    higher demand for garment exports from all major markets. After crossing the $5-billion export target
    in 2018, the apparel industry is eyeing exports up to $8 billion by 2025.

    You might also like