Estimated Industry Sales For Planning Economics Essay

The Srilankan agribusiness industry is one of the most of import industries of Sri Lanka. The estimated growing of the agribusiness industry posted growing of 4.5 % in 2011 and 4.4 % for the twelvemonth 2012. Thus provinces that the part of this sector has moderately worsening twelvemonth on twelvemonth footing. The gum elastic industry grew by 1.8 % as compared to that of 2010. It grew from 12.7 % in the twelvemonth 2010 to 14.5 % in the twelvemonth 2011. The major ground for the increasing growing was the increased monetary values of gum elastic per kg.

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Besides this the dress industry is besides one of the most conducive industries in the srilankan agribusiness sector. The dress industry chiefly exports to UK and USA. The dress industry of Sri LankaA employs about 15 % of the state ‘s work force, which comes to about half of the state ‘s entire export. The dress industry is likely to post growing rate of 4 % for the twelvemonth 2012. The entire grosss of Sri Lanka from dress remained at 4 billion us $ for the twelvemonth 2012. The export of this industry which was 2951.4 million US $ in the twelvemonth 2006 that increased to 4039 million US $ in the twelvemonth 2011. The dress industry posted a 6.5 % growing in 1H 2012.

( 2 ) Estimated Industry & A ; Company Gross saless for Planing Year Apparel and Rubber

twelvemonth

Gross saless

monetary value

unit

1

8195250.00

2230

3675

2

9366000.00

2230

4200

3

10536750.00

2230

4725

4

10536750.00

2230

4725

5

10536750.00

2230

4725

6

10536750.00

2230

4725

7

10536750.00

2230

4725

8

10536750.00

2230

4725

9

10536750.00

2230

4725

10

10536750.00

2230

4725Apparel Industry

Interpretation:

Here is the tabular array of estimated gross revenues for Apparel Industry in the above tabular array. In that we can state that gross revenues increasing up to 3 old ages and so it remain changeless for the following leftover old ages while monetary value remains changeless every twelvemonth.

twelvemonth

Gross saless

monetary value

unit

1

1706250.00

4875

350

2

1950000.00

4875

400

3

2193750.00

4875

450

4

2193750.00

4875

450

5

2193750.00

4875

450

6

2193750.00

4875

450

7

2193750.00

4875

450

8

2193750.00

4875

450

9

2193750.00

4875

450

10

2193750.00

4875

450Rubber Industry

Interpretation:

Here is the tabular array of estimated gross revenues for Rubber Industry in the above tabular array. In that we can state that gross revenues increasing up to 3 old ages and so it remain changeless for the following leftover old ages while monetary value remains changeless for the every twelvemonth.

Government engagement in Market topographic point:

Srilanka ‘s garment exports were governed by MULTI FIBRE ARRANGEMENT ( MFA ) since 1978. The MFA is a system of export limitations imposed by developed states on fabrics and garment export arising in developing states to protect the garment industry in developed states. In 1995 Agreement on Textile and vesture ( ATC ) succeeded MFA.

Following are the assorted Agencies that can assist in Apparel industry in Sri Lanka.

Joint Apparel Association Forum of Sri lanka:

Joint Apparel Association Forum of Sri lanka is a organic structure which is combined of following members.

The Fabric and Apparel Accessory Manufacturers Association:

It was started on the 15th of September 2003, in order to advance and convey up the involvements of the cloth and accoutrements makers in Sri Lanka. FAAMA comprises of 40 member organisations of cloth and garment accoutrements like, molded bandeau cups buttons, elastic, hangers, interlining, lacing, labels and underwire, print feelings, packaging stuffs, yarn, slide fasteners and cloth.

The Free Trade Zone Manufacturers ‘ Association:

It was established in 1981 to take advantage of inducement, substructure, security, installations, revenue enhancement relax ions given by Sri Lankan authorities.

NATIONAL APPAREL EXPORTERS ASSOCIATION:

The NATIONAL APPAREL EXPORTERS ASSOCIATION 200 GFP was established in 1993, and its rank comprises of endeavors, partnerships, exclusive proprietaries & A ; limited liability companies, transporting on concern under the 200 Garment Factory Programme in Sri Lanka.

Sri Lanka Apparel Exporters Association:

This association was established in 1982. The combined earning of members of this association accounts to 70 % of entire exports of Apparel industry of Srilanka.

Sri Lanka Chamber of Garment Exporters:

Sri Lanka Chamber of Garment Exporters acts as the representative organic structure of the little and average dress makers in Sri Lanka with the aim of guaranting the sector ‘s being as a important force in the economic system and as the ideal establishing tablet of the dress industry.

Sri Lanka Apparel Sourcing Association:

It was established in 1993, with an aim of advancing and conveying up the growing of Garment Industry of Sri Lanka. Their rank substitutes major planetary importers and retail merchants from USA, Australia and Japan.

Rubber industry

Colombo Rubber Traders ‘ Association:

It was started in 1918. The commission consists of A Vice Chairman, A Chairman, One member Buyer representative, one member marketer representative. The following are the aims of CRTA.

To ease transparency trade between purchasers, Sellerss, exporters and traders.

To help industry in invention, growing, and investing.

Promote co-operation and safeguard common involvement of members.

To advance Sri Lanka ‘s Rubber and Rubber merchandises in planetary markets.

Ministry of plantation industry:

It is a authorities enterprise located at 55/75, Vuaxhall Lane, Colombo 02, Sri Lanka. The chief object behind this enterprise is to lend 8.9 % to GDP from plantation sector and increase growing rate of plantation sector. Rubber development section and rubber research institutes are governed by this organic structure.

The Plastics & A ; Rubber Institute of Sri Lanka ( PRISL )

It is a national organic structure established to help members who are in the concern of plastic and gum elastic. This organic structure promotes the involvement of its members through proficient meeting, seminars, conferences and by sing fabrication workss and sites. The PRISL besides provide guidelines to the industry through its professional members and maintain high criterion of instruction and professional competency in scientific discipline and engineering of gum elastic.

Rubber Research Institute of Sri lanka

This institute is the oldest gum elastic research institute in the universe. It is the Nodal bureau in Sri Lanka with the statutory duty of research and development on all facet on gum elastic cultivating and processing for the benefit of the gum elastic industry. This institute of Sri Lanka provides consultative services on all facets of gum elastic scientific agriculture. They provide assorted services under different sections such as dirt and works nutrition section, polymer chemical science section, natural gum elastic and chemical analysis section.

Rubber Development Department of Sri lanka

It was established to implement legislative commissariats of Rubber control Act no 11 1956 and the Rubber Replanting Subsidy Act No.36 of 1953 of the Democratic Socialist Republic of Sri Lanka. It plays important function for the sweetening of the plantation sector and implement ordinances made by plantation industry.

National Institute of Plantation Management

It is a statutory organic structure of Sri Lanka authorities started by The National Institute of Plantation Management Act no 45 of 1979. It provide high criterion of professional competency who work in plantation industry. These institutes conduct assorted sorts of seminar, workshop, and scrutinies and supply research and consultancy services to public and private sector organisation.

1

Regulations you must follow in dress industry

The Sri Lankan dress industry is one of the largest subscribers to the National Gross Domestic Product of this island state, with 6 % in 2000 and 5.6 % in 2001. Sri Lanka opened its boundary lines to let free trade, demolished monetary value control, eliminated import duties and, in a wide sense, introduced an unfastened economic system.

The three chief strengths that Sri Lanka could offer were:

Cheap Labor they are easy available and accessible

Conducive conditions that includes substructure and revenue enhancement alleviation

Literate Workforce, that consist of accomplishment and literacy

Free Trade Zones and Export Processing Zones were set up so as to offer grants to foreign every bit good as local investors. The Board of Investment of Sri Lanka was set up as a ‘One-Stop-Shop ‘ to help foreign investors.

The granting of licences to organisations situated outside the BOI Zones, but with all BOI installations and grants further enhanced the investor-friendly environment. Issues such as environment, workers welfare, ethical trading, etc. play functions of primary importance in the dress industry. The apparel workers of today are better trained, more environmentally witting, better paid, show a high grade of trueness and hold entree to a host of personal, societal and welfare benefits.

For starting motors, the JAAF ( Joint Apparel Associations Forum ) was set up in November 2002 as an vertex organic structure to organize, sustain and develop the dress industry in Sri Lanka. Hitherto, the industry was regulated, or coordinated by a figure of associations including the undermentioned commissions.

JAAF ( Joint Apparel Associations Forum )

Sri Lanka Chamber of Garment Exporters Association

National Apparel Exporters Association

Sri Lanka Apparel Exporters Association

Sri Lanka Garment Buying Offices Association

Free Trade Zone Manufacturers Association

Manufacturers

Export

Export

Export

Garment Buying

Upon puting up the JAAF, all activities with respect to the drum sander operation of Sri Lanka ‘s dress industry will be addressed by assorted execution Sub-Committees of the JAAF, including

Backward Integration

Bilateral / Multilateral Trade

Human Resources Development

Logisticss

Marketing / Image Building

Etc.

hypertext transfer protocol: //www.affno.info/EDBWEB/find-sri-lankan-suppliers/product-profiles/apparel-and-accessories

The dress industry chiefly exports to the United States of America and Europe. Europe extremely relies on Sri Lankan fabrics due to high cost of labour in Europe. There are about 900 mills throughout state functioning companies such as, Liz Claiborne, Tommy Hilfiger and Victoria ‘s Secret etc.

hypertext transfer protocol: //en.wikipedia.org/wiki/Economy_of_Sri_Lanka # Apparel_and_textile_industry

Apparel Giants in Sri Lanka

Jay Mills Lanka ( Pvt ) Ltd

Shiran Garments

Orit Apparels

Brandix Lanka Limited

KASH Garments

Crystal Martin Garments ( Pvt ) Ltd

MAS Retentions

Bam

Sumithra Garments ( Pvt ) Ltd

Courtaulds Clothing

Aitken Spence

Hayleys PLC

Hemas Garments

Hirdarmani Group

Jinadasa Retentions

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