Sri Lanka’s apparel association says country’s apparel industry is resilient despite challenges
Sri Lanka’s Joint Apparel Association Forum (JAAF) has reportedly noted in a statement that the country’s apparel industry is resilient despite internal and external challenges arising out of the global Covid 19 pandemic.
“The situation with regard to the apparel industry in Sri Lanka is currently fluid but certainly not volatile. Time-tested systems of crisis management are in place and the industry is coping very well given the circumstances,” JAAF has said.
“We are a country that has faced 30 years of war and dealing with disruption is second nature to us. Our civil administration, like before, is working closely with the armed forces to quickly contain the second wave of COVID-19 in the island and the industry is being wholly cooperative in supporting their efforts,” JAAF has added.
OSL take:
Sri Lanka’s apparel industry has undoubtedly been a resilient sector that has undergone many internal as well as external pressures through the years, but has continued to be one of the viable business/investment opportunities in the country. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have made the country’s exports sector, especially the apparel sector a fast growing sector. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s apparel exports sector.
| Article Code : | VBS/AT/10112020/Z_2 |