Why Sri Lanka

Sri Lanka’s apparel export industry is one of the key sectors of the country’s economy, having recorded substantial growth over the past four decades. The value of the sector reached $5.42 billion after exports rose 22.93 percent year-on-year in 2021. The Country’s Apparel Sector is targeting exports worth $8 billion by 2025 through increased investment in local supply chains. The Apparel Manufacturing Sector of Sri Lanka is currently the country’s leading export industry, accounting for approximately 44 percent of total Exports, and providing about 33 percent of the manufacturing employment in the country. Major investments in Sri Lanka are happening in the Textile & Garment sector. The apparel industry is a key sector that needs continuous upgrading and acquisition of new technology and equipment. The Apparel Manufacturing sector of Sri Lanka is currently the country’s leading export industry, accounting for approximately 44 percent of total exports! The `11th Textech Sri Lanka 2024’, timed at the right moment with Sri Lanka further investing in setting up new Apparel factories and expanding their present capacities to match the fast-growing exports, will cater to the requirements of the ever-growing Textile Industry of Sri Lanka.