Sri Lanka's largest apparel body, the Joint Apparel Association Forum (JAAF) is confident of the country's apparel exports reviving by next year aided by the government's support. As per Tuli Cooray, Secretary General, although COVID-19 wiped out close to $1 billion turnover, resilience had always been the cornerstone for the apparel industry. Hence, the association does not plan to revisit its targets at the moment even it has a very challenging year for the entire world.
Cooray expects the country’s apparel exports to decline 30 percent this year, just over $4 billion. However, he believes, the apparel sector will come out of this crisis stronger than before," he added. According to official figures, Sri Lanka last year earned $5.3 billion from apparel exports, an increase of 5.1 per cent from 2018. Prior to the COVID-19 pandemic, the industry originally expected a 6 per cent increase in exports for 2020.