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Sri Lanka exports grew by a better-than-expected 42 percent in the five months to May and full-year revenues are forecasted to grow 25 percent to 10 billion US dollar, the state export promotion agency chief said.
Export Development Board chairman Janaka Ratnayaka said Sri Lanka had earned 4.8 billion US dollars in the five months to May, but full year growth is expected to be a lower 25 percent.
According to Central Bank data in the four months to April exports grew 50.2 percent to 3.4 billion US dollars, with apparel exports surging.
Ratnayaka said the EDB was focusing on promoting seven sectors; apparel, tea, information technology/business process outsourcing, food and beverages, spices, gem and jewelry
"Except garments and tea, the other five sectors' individual export income per year is around 300 million US dollars to 500 million," he said.
"Our target is to accelerate those individual sector incomes to one billion US dollars per year."
Ratnayaka said the agency was helping exporters to reach buyers in new markets outside the key US and European markets.
"Now, our strategy is developing our exports portfolio beyond those markets while protecting the conventional markets," he said.
"We are keen on India, china, Africa, Russia, Hong Kong, Malaysia. We completed two trade fair in South Africa and one in China. Another gem and Jewelry trade fair was done in Russia."
The state had had an export target of 15 billion dollars by 2015 he said.
The EDB is organizing a 'Sri Lanka Expo2012' in next March in Colombo next year after a lapse of 15 years.
http://www.lbr.lk/fullstory.php?nid=201107151411523393
Export Development Board chairman Janaka Ratnayaka said Sri Lanka had earned 4.8 billion US dollars in the five months to May, but full year growth is expected to be a lower 25 percent.
According to Central Bank data in the four months to April exports grew 50.2 percent to 3.4 billion US dollars, with apparel exports surging.
Ratnayaka said the EDB was focusing on promoting seven sectors; apparel, tea, information technology/business process outsourcing, food and beverages, spices, gem and jewelry
"Except garments and tea, the other five sectors' individual export income per year is around 300 million US dollars to 500 million," he said.
"Our target is to accelerate those individual sector incomes to one billion US dollars per year."
Ratnayaka said the agency was helping exporters to reach buyers in new markets outside the key US and European markets.
"Now, our strategy is developing our exports portfolio beyond those markets while protecting the conventional markets," he said.
"We are keen on India, china, Africa, Russia, Hong Kong, Malaysia. We completed two trade fair in South Africa and one in China. Another gem and Jewelry trade fair was done in Russia."
The state had had an export target of 15 billion dollars by 2015 he said.
The EDB is organizing a 'Sri Lanka Expo2012' in next March in Colombo next year after a lapse of 15 years.
http://www.lbr.lk/fullstory.php?nid=201107151411523393
