Garment industry in Sri Lanka is eyeing a bigger chunk in the Indian market.
To achieve the same, Sri Lanka Apparel Exporters Association (SLAEA) has asked the Government to go ahead with Economic and Technological Cooperation Agreement (ETCA) for sector-specific liberalisation.
The move is expected to benefit the apparel manufacturers in Sri Lanka to have a greater access to the Indian market.
Interestingly, SLAEA has even urged the High Commissioner of India to Sri Lanka Taranjit Singh Sandhu, to address the issue.
SLAEA Chairman Rehan Lakhany has even requested the High Commissioner to commence the interim measure to increase the quota of 8 million pieces.
While apparel exports to the USA in 2018 improved by 5.8 percent to US $ 2.3 billion, exports to the European Union in 2018 grew 3.9 percent to US $ 2.1 billion.
Notably, Sri Lankan garment industry is eyeing US $ 8 billion in total exports by 2025. Exports from the country crossed US $ 5 billion last year.
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