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Prospects for the Textile and Clothing Industry in Sri Lanka - 2010 Edition is Vital Reading for Those Operating in the Textile and Clothing Industry : Research and Markets
http://www.fashionnewspaper.com/articles/6781/1/Prospects-for-the-Textile-and-Clothing-Industry-in-Sri-Lanka---2010-Edition-is-Vital-Reading-for-Those-Operating-in-the-Textile-and-Clothing-Industry--Research-and-Markets/Page1.html
By Maxamillion Blick
Published on 10/28/2010
 

Research and Markets has announced the addition of Textiles Intelligence's new report "Prospects for the Textile and Clothing Industry in Sri Lanka2010 Edition" to their offering.

“Prospects for the Textile and Clothing Industry in Sri Lanka2010 Edition”

The textile and clothing industry in Sri Lanka accounts for almost half of the countrys exports and nearly a tenth of its gross domestic product (GDP). In addition, it provides direct employment for 300,000 people. However, the clothing sector, which accounts for bulk of the industry, is overdependent on imports for its supplies of textile materials. Also, most producers lack design, marketing and product development skills. As a result, their business is at risk from firms in larger clothing producing countries notably China and India which are able to source their own inputs quickly and cost effectively.


Prospects for the Textile and Clothing Industry in Sri Lanka - 2010 Edition is Vital Reading for Tho

Research and Markets has announced the addition of Textiles Intelligence's new report "Prospects for the Textile and Clothing Industry in Sri Lanka2010 Edition" to their offering.

The textile and clothing industry in Sri Lanka accounts for almost half of the countrys exports and nearly a tenth of its gross domestic product (GDP). In addition, it provides direct employment for 300,000 people. However, the clothing sector, which accounts for bulk of the industry, is overdependent on imports for its supplies of textile materials. Also, most producers lack design, marketing and product development skills. As a result, their business is at risk from firms in larger clothing producing countries notably China and India which are able to source their own inputs quickly and cost effectively.

On the positive side, Sri Lanka has a number of advantages including low wage levels, a young and well educated population and a high literacy rate. Also, it has a skilled workforce which is capable of producing quality products. Exporters benefit from good seaport facilities in Colombo, and a new port being built in Hambantota will be conveniently placed for shipping routes from South-East Asia to Europe. Also, the countrys internal transport infrastructure will improve when three major road building projects are completed. The industry benefits from strong government support in the form of investment incentives and a number of established and fully serviced industrial zones, estates and parks. There is also the privately-owned eco-sustainable MAS Fabric Park spread over 165 acres. Export growth has been spurred by preferential trade agreements with the USA and the EU, and important relationships have been established with well known brands such as Gap, JC Penney, Macys, Marks and Spencer (M&S), Next, Tesco, Tommy Hilfiger and Walmart. Until recently, Sri Lankan garments were permitted to enter the EU duty-free under the EUs GSP+ scheme. But in August 2010 GSP+ status was withdrawn because of allegations that Sri Lanka had failed to meet certain conditions concerning human and labour rights. To counter negative perceptions and highlight the countrys relatively good labour conditions, a branding campaign has been launched under the slogan garments without guilt. Also an Asian Development Bank (ADB) study has shown Sri Lanka to be in compliance with internationally agreed labour standards. Perhaps the most positive development, however, is the prospect of relative social and political stability now that the ethnic conflict with the Tamil Tigers has been brought to a close.

Key Topics Covered:

  • SUMMARY INTRODUCTION TO THE TEXTILE AND CLOTHING INDUSTRY IN SRI LANKA AND ITS IMPORTANCE TO THE NATIONAL ECONOMY
  • DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN SRI LANKA
  • SRI LANKA: GEOGRAPHICAL, POLITICAL AND ECONOMIC PROFILE
  • Geographical profile
  • Political profile
  • Economic profile
  • SRI LANKA: INFRASTRUCTURE
  • Roads
  • Railways
  • Ports
  • Airports and airlines
  • Telecommunications
  • SRI LANKA: HUMAN RESOURCES
  • SIZE AND STRUCTURE OF THE TEXTILE AND CLOTHING INDUSTRY IN SRI LANKA
  • SRI LANKA: TEXTILE AND CLOTHING PRODUCTION
  • PRODUCTION TECHNOLOGY AND MACHINERY IN SRI LANKAS TEXTILE AND CLOTHING INDUSTRY
  • SRI LANKA: TEXTILE AND CLOTHING EXPORTS AND IMPORTS
  • FOREIGN INVESTMENT IN SRI LANKA'S TEXTILE AND CLOTHING INDUSTRY
  • SRI LANKA: GOVERNMENT POLICIES AND INVESTMENT INCENTIVES FOR THE TEXTILE AND CLOTHING INDUSTRY
  • TEXTILES AND CLOTHING IN SRI LANKA: STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS (SWOT)
  • List of tables

For more information visit http://www.researchandmarkets.com/research/9d7bdb/prospects_for_the

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