According to an announcement from the Industrial Trade Department of the Sri Lanka Garment Industry Federation (JAAF), Sri Lanka plans to achieve a global apparel export target of US$8 billion by 2025.
The goal is to increase clothing export revenue. The Sri Lanka Export Statistics Bureau (EDB) announced that clothing and textile exports in 2021 increased by 22.93% to US$5.4 million compared with the same period in 2020.
Clothing is one of Sri Lanka’s largest export products. According to sources, as the country’s clothing export revenue increased to US$488 million in January 2022, reaching a five-year high , so JAAF sets this export target.
JAAF believes that the recent performance of the industry is mainly due to the “textile and garment industry’s close cooperation with health authorities and the adoption of strict safety measures to prevent the spread of the new coronavirus among employees.” rate to zero” and the effective adoption of digital product development technologies can help alleviate supply chain disruptions.
JAAF Secretary-General Yohan Lawrence said: During the major impact of the epidemic, the strong performance of Sri Lanka’s garment industry demonstrated the resilience of the industry and predicted that it will achieve its 2025 goals. progress.
The industry’s 2030 vision is to build Sri Lanka into a global apparel center; the mid-term goal is to increase the annual apparel export value to US$8 billion by 2025.
Lawrence added: As a major source of important foreign exchange and high-quality employment, through close cooperation with major stakeholders, the garment industry can further increase its significant contribution to the national economy. contribute.
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