Sri Lankan Board of Investment (BOI) has informed that the country attracted over $500 million worth of orders for the production of personal protective equipment (PPE).
Director-General of BOI Sanjaya Mohottala recently expressed confidence that the value will top $1 billion in the future adding that their apparel industry is suffering due to inadequate raw material supply.
Because of the pandemic, it will be tough for most people to buy expensive garments, and therefore, they will opt for more sustainable re-usable garments, he mentioned it urging the apparel exporters and manufacturers to reflect on alternative products, methods and markets because of the crisis.
BOI has expedited work in setting up the proposed fabric park in Eravur to manufacture raw material needed for the apparel industry, they have already had discussions with potential investors from several countries and received favorable responses.
The fabric park will produce both artificial and natural textile needed for the apparel industry.
Sri Lanka’s total export earnings for 2019 was $11.9 billion, of the $5.7 billion was generated from apparel exports.