Five Sri Lankan firms on show at world’s largest consumer goods fair Ambiente
Daily FT: Five Sri Lankan exhibitors will showcase their excellence at the world’s largest consumer goods fair, Ambiente 2024 scheduled to take place with Christmasworld and Creativeworld from 26 to 30 January in Frankfurt am Main, Germany.
The Lankan contingent includes Gospel House Handicrafts Ltd., Art Decoration International, and Javana Graphics, and will be located in Halls 10.1 and 10.4 (Living and Giving), while Dankotuwa Porcelain will be in Hall 12.0 (Dining). Additionally, AMP Ceylon Ltd. is participating in Christmasworld in Hall 6.2.
Sri Lankan companies are exhibiting products that cover interior decoration items, kitchen accessories, stationery and other consumer goods in the fair.
Buyers in various sectors, ranging from hospitality to office supplies, can anticipate a diverse range of renowned specialised exhibitors. Over 3,900 exhibitors from 83 countries will be participating in the event.
In 2023, over 4,561 exhibitors from 83 countries participated and showcased their products to 109,491 visitors from 170 nations.
Sri Lanka’s manufacturing and export sectors that have shown a steady growth through the years, is now focused on expanding the existing product portfolio while exploring new foreign markets. The many trade agreements as well as trade concessions enjoyed by Sri Lanka have also helped boost the country’s exports in the international market. Sri Lanka has participated in many key international markets and has received good responses from foreign buyers. The government of Sri Lanka has also formulated incentive schemes to attract more investments to the manufacturing and export sectors. The ongoing economic activities and the strength and resilience shown by local businesses in the manufacturing and export sectors amidst challenging economic conditions have attracted the attention of foreign businesses/investors to the country’s manufacturing and export sectors. Given the growth and business potential in Sri Lanka’s manufacturing and export sectors, foreign businesses/investors could confidently explore the expanding opportunities in these sectors. They could also look at forming partnerships or joint ventures with local businesses with the aim of further expansion.
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