How Sri Lanka turned 'stitches to riches'
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How Sri Lanka turned 'stitches to riches'
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CNBC
With humble beginnings in the 1950s, the Sri Lankan apparel industry has grown due to our collective efforts to achieve key milestones. Together we have overcome numerous obstacles over the years, enabling us to become the nation's highest foreign exchange earner. | MAS Holdings
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22 Sri Lankan Apparel Industry Statistics and Trends
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The apparel industry is one of the most important sectors in the Sri Lankan economy, accounting for most of the country's net foreign exchange earnings. In addition to taking its responsibilities seriously, the industry focused on providing numerous welfare benefits to its employees and their families. MAS Holdings, Hela Apparel Holdings and GP Garments Pvt Ltd have spearheaded several CSR programmes through initiatives like Manudam Mehewara, Diri Daruwo Scholarship Programme and Diriliya Progra
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Is Sri Lanka’s Apparel Industry Ready for the Future? Suren Fernando, Group CEO of MAS Holdings, explores the challenges and opportunities shaping the industry. From sustainability and innovation to differentiation and modern manufacturing, he highlights what it takes for Sri Lanka to stay competitive in global markets. With shifting trade dynamics, the key to success lies in adapting, innovating, and adding value beyond just price. MAS Holdings | Economy.lk
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