Why Dye+Chem Sri Lanka?

Why Dye+Chem Sri Lanka?

The Island Nation Of Sri Lanka Has A Diverse Economy Of Which Textile Industry Has The Biggest Share. Around 15% Of The Total Workforce Of The Nation Is Employed Under The Textile Sector. If One Talks About The Women Empowerment, This Island Nation Solely Believes In It As The 80% Workforce Of Textile Industry Comprises Of Women. The Approach Of The Market Is Export Centric. The Industry Has Developed Since 1985 When Multi-Fiber Trade Agreement Was Signed, Due To Quota System, Sri Lanka Got The Maximum Benefit. USA Is The Largest Importer Of The Produce.

Not Only The Apparels And Garments, But Also The Warehouses In Sri Lanka Are In State-Of-Art Condition Thereby USA Prefers The Warehouses Of Sri Lanka For Storage Purposes. The Industry Has Enjoyed A Robust Growth In The Recent Years As The Multi Fiber Arrangement Has Favored The Industry Since 1978. It Has Been A Transforming Journey From Manufacturing Ethnic And Handloom Products To Manufacturing The Trendy And Versatile Garments Covering All The Aspects. From Swimwear To Kids Wear, Women’s Clothing To Men’s Clothing, Sri Lankan Textile Industry Has Since Long Been Catering To The Demands Of The Fashion Industry Too. Top 3 Textile Companies In Sri Lanka Have Been Featured In Top 50 Garments Companies In The World.

In Figures

The Sri Lankan apparel industry has set a goal to of figuring in the list of top 10 garment manufacturing countries in the world by the year 2023. The textile industry in Sri Lanka annually exports garments worth almost $2.2 billion to the United States, $900 million to the United Kingdom, worth $350 million to Italy, and garments valued at around $200 million to Belgium. The apparel industry market share for exports to the United States constitute for almost 3% of the GDP of Sri Lanka and it is forecasted to increase at a CAGR of 6% over the next five years. The history of textile industry in Sri Lanka is more than 50 years old and it has evolved tremendously since the past three decades after the economy started growing rapidly as an effect of globalization. The clothing industry in Sri Lanka doubles as a warehousing hub for the United States for products like fabrics and yarns.

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