Sri Lanka - TextilesSri Lanka - Textiles
Sri Lanka has built its competitive edge on value-addition rather than cheap production cost, with greater emphasis on product quality and its ability to manufacture niche products. Despite increased international competition, exporters seem to be faring quite well. Apparel exports to EU increased following the restoration of the EU GSP+ facility in 2017.
Establishing textile-manufacturing facilities
Providing technological equipment
Warehousing hub for U.S. yarn
The apparel industry is a key sector that needs continuous upgrading and acquisition of new technology and equipment.
There are prospects to supply grey fabric, denim, polyester yarn, and specialized fabric used for lingerie and sportswear.
U.S. exporters could evaluate Sri Lanka as a warehousing hub for U.S. yarn and fabric bound for other markets in the region. Many Sri Lankan apparel companies manufacture for top U.S. apparel brands.
Attractive incentives are available for U.S. manufacturers to establish textile-manufacturing facilities. U.S. suppliers who want to compete in this market need to be flexible in negotiating payment terms.
MAS Holdings http://www.masholdings.com/
Brandix Lanka www.brandix.com
Sri Lanka Textiles and Apparel Trade Development and Promotion