Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's footwear and leather industry booming
Sat, Feb 8, 2014, 11:47 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 08, Colombo: Sri Lanka's footwear and leather sector has shown a remarkable growth in the last year with exports surging over 63 percent from the previous year.

The total Leather and Leather Product exports stood at US$ 51 million in 2013 increasing 63.5% from the US$ 31.19 million earned in the previous year.

"Our footwear and leather exports have shown a strong growth trend," Minister of Industry and Commerce Rishad Bathiyutheen said Friday addressing the inauguration of the sixth edition of the Footwear and Leather Fair at the BMICH.

The 2014 exhibition held from February 7-9 is organized by Sri Lanka Export Development Board in collaboration with the Ministry of Industry and Commerce, Industrial Development Board and Footwear and the Leather Products Manufacturers Association.

Minister Bathiyutheen said the event is a strong platform for networking and market diversification for Lankan stakeholders.

"What is more interesting is that this event is also taking place at a time when our footwear and leather exports are showing a strong growth trend," the Minister said.

Foreign buyers from Egypt, Korea, Kenya, Seychelles, France, Germany, India, and a delegation from Iran are participating in this year's event. Also, 19 Indian exhibitors from the Indian Footwear Component Manufactures Association (IFCOMA) are showcasing their products at the exhibition.

Speaking at the inauguration ceremony, Sri Lanka Export Development Board Chairman and CEO Bandula Egodage said the industry makes a significant contribution to the Sri Lankan economy in two ways.

"The industry depends 50 percent on its imports and 50 percent local manufacturing, which means the industry is saving for foreign currency as well as earning for foreign currency," Egodage explained.

The three-day exposition which concludes Sunday includes an exclusive fashion show, a design competition, a best stall competition and an award ceremony. The fashion show will be held Saturday and the award ceremony will be held on Sunday.

ColomboPage - Recent 10 Stories
No decision to increase fuel prices in Sri Lanka, Petroleum Minister says
-- [2 hours ago]
Sri Lanka opposition party leader to hand over Uva PC election to Sajith Premadasa - report
-- [2 hours ago]
Junior heath sector workers of Sri Lanka state hospitals launch strike
-- [3 hours ago]
Sri Lanka Health Ministry inspects all cosmetic clinics in the country
-- [3 hours ago]
Sri Lanka's E-Library Nenasala program receives US$ 1 million International Access to Learning Award
Sri Lanka's coasts, agriculture under threat from climate change -ADB report
Sri Lanka will not allow terrorist acts against India
No general elections in Sri Lanka at least for another year
Sri Lanka Election Department to deploy 10,000 officers for Uva Provincial Council election
Swiss specialty chemicals company Sika opens subsidiary in Sri Lanka

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.