Sri Lanka’s leather and footwear exports increase 300% in last decade

  •  Sri Lanka
  •  Apr 02, 2019
  •  By WFB Bureau
  • 2433 Views
Sri Lanka’s leather and footwear exports increase 300% in last decade

The exports revenue generated by footwear and leather industries of Sri Lanka have showcased an impeccable performance within the last decade. From the period 2008-2018, the exports have witnessed a growth of 300 per cent.

According to the Industry and Commerce Ministry of Sri Lanka, the exports from the above-mentioned industries increased to US $ 119 million in 2018. The major export destinations were Vietnam which accounted for 48 per cent of the exports, followed by UK with 16 per cent of the exports.

The Sri Lanka Footwear Association attributes this dynamic export performance to a number of actions put in place for the growth of the sectors, and many of them with the special support of the Ministry of Industry and Commerce.

Also, The Sri Lanka Footwear and Leather Products Manufacturers Association recognises the special importance of actions such as: the in production of anti-dumping regulations; surcharges for imported part of footwear, the implementation of training courses and the help in resolving issues faced by the local tanning industry.

P.G.D. Nimalasiri, President of Sri Lanka Footwear and Leather Products Manufacturers Association said, “The footwear and leather products industry have great potential to be achieved in the years to come.”

He further thanked Minister of Industry and Commerce, Resettlement of Protracted Displaced Persons & Cooperative Development Rishad Bathiudeen for his support. He said, “Bathiudeen increased the import cess for such parts from Rs 300 to 600 and the local manufacturers were promptly safeguarded and supported to transform the sector to a competitive, export-standard segment. He also resolved issues faced by our leather tanners and is considering the establishment of a special leather industry and tanning zone. He has initiated Sri Lanka’s first ever footwear and leather training course series with SLITA under the Industry Ministry. Footwear and Leather Products Industry is Rs 100 Billion sector and has great potential in years to come.”

The footwear and leather sector of the country employs around 300,000 persons and the annual production is estimated at around US $ 550 million.

Image Source: http://www.apolloindia.com

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