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

Display results as :
 


Rechercher Advanced Search

Latest topics
» "පියසේනට දැං සනීපයි..."
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyToday at 8:29 am by yellow knife

» What's going to happen
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyYesterday at 8:22 pm by ruwan326

» Dividend Announcement
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyYesterday at 4:52 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Ashroff Omar sees apparel sector maintaining strong growth momentum EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

July 2019
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
28293031   

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 Empty 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.
Backstage
Backstage
Top contributor
Top contributor

Posts : 3411
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