Sri Lanka’s BOI registered export division of Dreamron Group exports cosmetic products to Norway
Kindai Kagaku Lanka (Pvt.) Limited, which is the export division of Dreamron Group that is registered with Sri Lanka’s Board of Investment (MOI), has reportedly exported it’s second cosmetic products shipment to Norway in October 2020. It is the second country in the Scandinavian region the company exports its Dreamron branded products range after Sweden, local media reports stated.
Norway with a population of over 5 million people and a stable economy with a GDP of 381 Billion Dollars remains a competitive market in Scandinavia for FMCG products.
According to the news report, Dreamron Shampoo and Express and Henna Hair colour range is now available through a leading retailer to the consumers in Norway and Dreamron is determined to become a leading cosmetic brand in Norwegian FMCG market and further expand its reach in Norway to the Salon Industry as well.
Dreamron Cosmetics is one of the most recognized cosmetics manufacturers with over 200 products SKUS and considered to be the leader and a trendsetter in the Sri Lankan cosmetic industry and currently exports to over 30 countries in Europe, Australia, Asia, Middle-east, North and Central American regions since 1998, local media reports further added.
OSL take:
Sri Lanka’s exports sector has shown resilience and potential for growth in the face of challenges posed by the global Covid 19 pandemic. The expansion of markets that local products are being exported to is indicative of the strength and growth of Sri Lanka’s exports sector. Also, Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region. Foreign businesses could therefore explore business opportunities in Sri Lanka’s exports sector.
| Article Code : | VBS/AT/19112020/Z_2 |