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Sri Lanka invites Japan to textile sector

Staff writer ▼ | August 26, 2014
The Government of Sri Lanka has invited Japanese investment for production of raw materials used in the apparel industry.
Sri Lanka textile
Apparel industry   Japanese investments in Sri Lanka
A delegation of Japanese entrepreneurs led by Thadai Suki, chairman of Japan Sri Lanka Business Committee, met Basil Rajapaksa, Sri Lanka's Minister of Economic Development to discuss Japanese investments in Sri Lanka, according to an official statement.

Mr. Rajapaksa said Japan has made major scale investments in Sri Lanka, which has enabled a large number of Sri Lankans to be employed in Japanese factories in Sri Lanka, earning a large amount of foreign exchange for the country.

Mr. Rajapaksa said the apparel industry has reached highest proportions in Sri Lanka and apparels of highest quality are now being produced in Sri Lanka. However, 90 percent of the raw materials required by the apparel industry is imported, he added.

Mr. Rajapaksa said that factories for production of raw materials required for the production of apparels be started in Sri Lanka with Japanese investments. "Since our labor resources are knowledgeable, efficient and friendly, it will be easy to achieve productions of higher quality."

The Minister further stated that the Government is ready to provide requisite facilities and assistance for the production of apparels.

Mr. Thadai Suki said he was very much pleased with the development achieved by Sri Lanka. He added that Japanese investors will be able to dispatch their production to reach their anticipated destinations with little cost, thanks to the improved transport facilities including super highways.