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Showing posts from December, 2019

Sri Lanka’s Export Growth and Sustainability Booms in Apparel Industry

Sri Lanka is shining in the edge of apparel industry with sustainability and ethical practice. In 2019 Sri Lanka has seen a boost in their export of sustainable apparel which accounts for an export of 5Bn USD. It is highly expected that the global impact of sustainable movement will take Sri Lanka in the next level of promising export growth. Sri Lanka is one of the best destination for sustainable apparel manufacturers in the world. The practice has long been noticed by the global consumers and fashion brands in Sri Lanka. This transformation is driving this nation toward a millennium goal of sustainable and harmless fashion creation. Sri Lanka’s Export Growth The global fashion industry is now around 5 trillion dollars and expected to become 9 trillion dollars by 2023. ( Source: Statista )  In global comparison, almost half of the total revenue comes the Chinese market. Besides, USA is another market stands in the position of second. USA alone is sourcing Sri Lank