Sri Lanka is famous for its Apparel

Famous for its production of apparel, tea, coffee, rubber and coconut, Sri Lanka has a progressive, modern industrial economy and the highest per capita earnings in southern Asia. The natural beauty of its tropical forests, beaches and countryside, together with its unique cultural heritage, have transformed the country into a world-famous tourist destination. Sri Lanka, with a surface area of 65,610 square km. and a population of 20,743,000, attracts a large number of foreign investors in the commerce of various products such as spices and essential oils, cloth and fabrics, apparel and accompanying accessories, metals and metal products, wood and its derivatives, fruit, vegetables, medical and pharmaceutical articles, machines, tools and accessories, minerals and mineral-based products, etc.
Sri Lanka’s exportations are especially well-known throughout the world for its high-quality apparel and accompanying accessories at very reasonable prices. Apparel produced in Sri Lanka is in high demand in countries like Spain, France, the United Kingdom, the United States, Singapore and India. One of the greatest virtues of Sri Lanka’s exporters that attract many buyers is the fact that they offer superior quality apparel at convenient prices.
Today, Sri Lanka is becoming a commercial center preferred by the international commercial community and offers numerous opportunities for foreign investors in sectors such as energy, steel, fertilizers, hotels, tourism, fabrics, apparel (63% of its production) and petrochemical products. In order to face the challenges created by the growing economy, the government has introduced much more vigorous liberalization and reform policies that stimulate foreign investments into the market.
Although the production and exportation of tea, rubber, coffee, sugar and other agricultural products are still relevant, the nation is constantly moving toward an industrialized economy with the development of processed foods, fabrics, telecommunications and finances.
Sri Lanka Telecom is one of the most important companies in the country, with annual billings of more than 40,000 million Rs. Holland’s Global telecommunication Holdings N.V. holds 44.9% of the shares in Sri Lanka Telecom (SLT) while 49.5% belongs to the government of Sri Lanka. Brandix is the largest exporter of apparel from Sri Lanka and directly employs 25,000 people.
Today, Sri Lanka has the highest per capita earnings in southern Asia. The international market is opening even more opportunities to allow foreign investors to carry out business in the country that is advantageous to all.
All of the measures adopted by the Sri Lankan government to help the international commerce scene and the perks offered to investors that help to amplify the productive base of the nation and improve the national welfare.