The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» ලංකාවේ සංචාරය නිසා බ්‍රිතාන්‍ය මන්ත්‍රීට පාර්ලිමේන්තු තහනමක්
Today at 10:00 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Today at 2:31 am by Yin-Yang

» Happy Birthday
Yesterday at 5:37 pm by pathfinder

» Dividend Announcement
Fri Jul 20, 2018 2:03 am by nihal123

» Should CSE be like this? Whose FAULT is it?
Thu Jul 19, 2018 5:05 pm by Ethical Trader

» සදහම් හඩ
Thu Jul 19, 2018 6:53 am by Ethical Trader

»  Woman finds frog parts in her packet of 'kottu'
Tue Jul 17, 2018 5:21 pm by Ethical Trader

» Debenture issues
Sat Jul 14, 2018 10:34 pm by Danidu

» Quick Checklist for Selecting a Stock
Sat Jul 14, 2018 11:42 am by slstock

» Hello and CSE ?
Fri Jul 13, 2018 10:05 am by slstock

» Films - To Watch List
Fri Jul 13, 2018 8:15 am by yellow knife

» කොටස් වෙළෙඳපොළේ ආයෝජනයේ දී දේශපාලන සබඳතා අනාවරණය අනිවාර්යයි
Thu Jul 12, 2018 9:02 pm by spw19721

» ගුහාවේ සිරවී සිටින දරුවන් පිටතට ගෙන්න මාස 04 ක් ගතවෙන ලකුණු
Wed Jul 11, 2018 7:43 am by serene

» කොළඹ කොටස් තවමත් අවුරුදු 8 කට කලින් තිබුණු තැනමයි
Wed Jul 11, 2018 7:37 am by serene

» 2018 ජූනි මාසයේ ඩොලර් මිලියන 434.53 කින් දී සංචිත වැඩි වුණේ මෙහෙමයි
Tue Jul 10, 2018 4:00 pm by Ethical Trader

» නිවාඩුවට රට යනවාටත් බද්දක්. සියලු වාහන හිමියන් බදු ගෙවිය යුතුයි – දේශීය ආදායම් කොමසාරිස්
Mon Jul 09, 2018 5:49 pm by Ethical Trader

» අටවන වරටත් ශ‍්‍රී ලංකාවේ හොඳම බැංකුව ලෙස ෆයිනෑන්ස් ඒෂියා කොමර්ෂල් බැංකුව තෝරාගනී July, 7, 2018
Mon Jul 09, 2018 11:53 am by nihal123

» ETI මිල දී ගන්නේ සිංගප්පූරු – ශ්‍රී ලංකා හවුල් සමාගමක්
Mon Jul 09, 2018 7:57 am by serene

» සුළු හා මධ්‍ය පරිමාණ ව්‍යවසායකයින් වෙනුවෙන් කොළඹ කොටස් වෙළෙඳපොළේ EMPOWER පුවරුව දියත් කෙරේ
Fri Jul 06, 2018 9:26 pm by Ethical Trader

» Sri raises fuel prices, future revisions weekly
Fri Jul 06, 2018 6:35 pm by Ethical Trader

» Sri Lanka holds rates, amid external jitters
Fri Jul 06, 2018 10:35 am by Ethical Trader

» Sri Lanka rupee weakens, stocks gain 1.22-pct
Fri Jul 06, 2018 10:34 am by Ethical Trader

» Sri Lanka's SMEs get chance to raise equity on liberalized board
Fri Jul 06, 2018 8:07 am by The Invisible

» Yahoo බිඳ වැටෙයි
Thu Jul 05, 2018 6:42 pm by Ethical Trader

» මුල් මාස 06 දී ලක්ෂ 11 ½ ක සංචාරකයින් ඇවිත්
Thu Jul 05, 2018 6:41 pm by Ethical Trader

» ධම්මික ශ්‍රී ලංකාවේ මුල් වරට Artificial Intelligence යොදා ගත් අධ්‍යක්ෂ මණ්ඩල රැස්වීමක් කැඳවයි
Thu Jul 05, 2018 8:01 am by serene

» තව වසර 3 කින් කොළඹ ඒක පුද්ගල ආදායම ඩොලර් 12,650 යි
Wed Jul 04, 2018 5:39 pm by Ethical Trader

» රාජපක්ෂ ආධාරකරුවන් ශ්‍රී ලංකාවේ මාධ්‍යවේදීන් බියවැද්දීම වැරදියි - New York Times
Tue Jul 03, 2018 5:32 pm by Ethical Trader

» කොමර්ෂල් බැංකුවට නව කළමනාකාර අධ්‍යක්ෂවරයෙකු සහ ප‍්‍රධාන මෙහෙයුම් නිලධාරියෙකු පත්කෙරේ
Tue Jul 03, 2018 5:27 pm by Ethical Trader

» Sri Lanka's ETI Finance able to settle small depositors if liquidated
Mon Jul 02, 2018 5:30 pm by Ethical Trader

» Cartoon of the day...
Sun Jul 01, 2018 9:10 pm by pee ratio

» උදයංග වීරතුංගට "ස්වේච්ඡාවෙන් ගමන් යන්න බැහැ"
Fri Jun 29, 2018 5:19 pm by Ethical Trader

» Sri Lanka s state hotel sales to go ahead next month: Finance Minister
Fri Jun 29, 2018 5:14 pm by Ethical Trader

» මාස 02 කදී කොටස් වෙළෙඳපොළ සියයට 4 කින් කඩා වැටිලා
Thu Jun 28, 2018 5:59 pm by Ethical Trader

» කොටස් වෙළෙඳපොළේ ආයෝජන ඉවත් කර ගැනීමට ජාතික ඉතිරිකිරීමේ බැංකුව යෝජනා කැඳවයි
Thu Jun 28, 2018 11:14 am by Ethical Trader

» සුරන්ගනීට මාලු ගෙනාවා - FIFA - Russia - 2018
Mon Jun 25, 2018 11:29 am by Ethical Trader

» Enterprise Sri Lanka to give extra credit support for women, disabled soldiers
Sun Jun 24, 2018 8:42 pm by sashimaal

» HUNA.N0000
Sat Jun 23, 2018 11:42 am by pjrngroup

» 2018 මැයි මස උද්ධමනය සියයට 2.1 ක් දක්වා ඉහළට
Sat Jun 23, 2018 8:31 am by Ethical Trader

» Laughter the Best Medicine
Fri Jun 22, 2018 8:11 pm by nihal123

» Sri Lanka is recovering, Central Bank threat looms: Bellwether
Fri Jun 22, 2018 10:20 am by The Invisible

» Sri Lanka's new forex law gets IMF thumps up
Fri Jun 22, 2018 10:16 am by The Invisible

» EU slaps tariffs on US as trade war erupts
Fri Jun 22, 2018 10:14 am by The Invisible

» Top monk asks Sri Lanka’s ex-defence chief to return as ‘Hitler’
Fri Jun 22, 2018 10:12 am by The Invisible

» May inflation at 2.1%
Fri Jun 22, 2018 2:06 am by sashimaal

»  මෙරට විශාලම ආයෝජනය වන හම්බන්තොට වරායේ අවසන් ආයෝජන මුදල වරාය අතට බාර දෙයි
Thu Jun 21, 2018 4:59 pm by Ethical Trader

» CCS.N0000 ( Ceylon Cold Stores)
Thu Jun 21, 2018 4:56 pm by Ethical Trader

» HHL.N0000 ( Hemas Holdings PLC)
Thu Jun 21, 2018 4:48 pm by Ethical Trader

» රුපියල තවදුරටත් පාවීමට ඉඩහැරිය යුතුයි - ජාත්‍යන්තර මූල්‍ය අරමුදල
Thu Jun 21, 2018 7:46 am by serene

» රජයේ සුරැකුම්වලින් රුපියල් බිලියන 2.7 ක විදෙස් ආයෝජන සතියක් තුළ දී ඉවතට
Wed Jun 20, 2018 9:11 am by serene

July 2018
SunMonTueWedThuFriSat
1234567
891011121314
15161718192021
22232425262728
293031    

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Ashroff Omar sees apparel sector maintaining strong growth momentum

Go down

Ashroff Omar sees apparel sector maintaining strong growth momentum

Post by Backstage on Mon Jul 11, 2016 11:37 am

Brandix CEO Ashroff Omar sees apparel sector maintaining strong growth momentum

Saturday, 9 July 2016

Brandix CEO Ashroff Omar has affirmed that the Sri Lankan apparel sector has room to grow further, despite the country reaching middle income status.

He highlighted some the intrinsic advantages of the apparel industry as a tool for growth and provincial development, and stressed the importance of viewing Sri Lanka’s position from a South Asian regional perspective in order to compete effectively in an evolving global market. fgjdf

The South Asian region possesses the intrinsic advantages of having the largest population, largest cotton and textile base and a skilled talent pool, which could enable it to become the leading sourcing region for the world’s top apparel brands.

Omar emphasised that Sri Lanka’s productivity, skilled labour force, logistics offering and compliance with key sustainability and labour practices, positioned the country as the ideal location to become a hub for the region.

He called for an enabling policy environment and an investment climate to make this vision a reality.

Omar was speaking at the inaugural session of ‘InsideTrack,’ an exclusive, invitation-only series featuring veterans of Sri Lanka’s business, policy-making and development landscape, organised by Asia Securities, one of Sri Lanka’s leading stockbroking and research firms. This session focused on the topic ‘How will the Apparel & Textile sector evolve in the next 3-5 years?’

Omar pointed out that the EU as a region was the world’s second largest exporter of apparel, second only to China, with a share of 26.3% in 2014. As such, he contended that the view that the apparel industry could not support high-paying jobs was a myth.

Given Sri Lanka’s niche positioning as a high quality supplier, he opined that the country could position itself higher on the value chain, as an apparel hub of the South Asian region. He also showcased statistics that the growth in the apparel industry will continue, boosted by population growth and rising affluence. Accordingly, the global apparel industry, if it continues at the current pace of growth, will reach $ 834 b in 2030 from $ 483 b in 2014.

The decline of China as the leading manufacturer of apparel was also overplayed in his opinion, since China still accounted for a 39% share of global apparel exports in 2014. While growth has slowed down, China’s apparel infrastructure would still enable it to maintain a significant presence in apparel production in the foreseeable future.

The Brandix CEO further added that innovation should also be adopted in a tangible manner to develop technology-driven solutions that address challenges which would make the apparel industry leapfrog to the next level and thereby reap the full benefits.

Following his brief address Omar took questions from the audience made up of leading personalities from the investment community in Sri Lanka, including fund managers and high net worth individuals. The Q&A session brought many of the current themes surrounding the apparel sector to the fore.

Sri Lanka’s key competition still remains Asian countries such as Vietnam and China, while Bangladesh is fast upscaling its apparel production offering, aided by Sri Lankan apparel professionals. In particular, he highlighted Vietnam as an immediate threat given that it will be entering an FTA with the EU next year. As such, it will be crucial for Sri Lanka to have the GSP+ concessions by early next year to counter this threat.

According to Omar, Brexit will not have a substantial short term impact since the leading apparel and textile manufacturers denominate all their sales proceeds in USD. While the long-term impact cannot be accurately forecasted at this early juncture, he contended that an independent UK was likely to maintain broadly the same tariff structure now employed by the EU, since re-export was an economic reality in both the UK and the EU.

In terms of trade agreements, Omar expressed a preference for bilateral trade agreements rather than large-scale, multilateral trade deals such as the Trans-Pacific-Partnership (TPP), which could get derailed by the inability to meet all requirements of such multilateral agreements. He also highlighted apparel distribution channels as being the most likely exposed to disruption, along the apparel production value chain, given the inefficiency and high cost involved in them today.

The event was a follow up to the textile sector report titled ‘Close-knit with Sri Lanka’s apparel sector growth’ published by Asia Securities Research. The sector analyst for textiles, Hasantha Uswatta, presented highlights of the report and the positive outlook of Asia Securities for the textile sector, prior to Omar’s presentation. Uswatta’s presentation concluded that textiles would experience complementary growth along with the apparel industry, and that the two listed textile companies would be key beneficiaries of this growth.
avatar
Backstage
Top contributor
Top contributor

Posts : 3276
Join date : 2014-02-24

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum