• Wed. Jun 12th, 2024

Sri Lanka lowers its apparel export earning target to $5.1 B

Sri Lanka has lowered its apparel export earning target to $5.1 billion for the year from the original $6 billion-target announced in January this year.

“The government is enthusiastic to meet the targets, and this year the government expects an income of  $ 5.1 billion. The businessmen assured the President that they are committed in achieving these goals,” the President Media Division (PMD) said.

At a discussion on Monday with representatives of the Joint Apparel Association Forum, Sri Lanka’s President Gotabaya Rajapaksa assured the government’s fullest support to enhance its productivity and quality of the sector.

The exporters briefed President Rajapaksa on the challenges before them in the industry due to health guidelines imposed during the COVID-19 pandemic.

It was proposed during the discussion to look into the possibility of relaxing certain health guidelines imposed on the garment sector without affecting the public health condition of the country.

Extension of visa validity period for the potential investors and adopting a relaxed policy in issuing visas were discussed during the meeting.

We will follow a well-planned strategy to reach this objective”, President added.

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