Apparel industry to receive duty concessions

(FASTNEWS | COLOMBO) – The Cabinet of Ministers has approved a proposal to grant duty concessions to import appliances and items needed for the apparel industry.

Accordingly, duty concessions will be granted to import items that are not manufactured locally.

The Minister of Industries has presented the Cabinet paper in order to provide relief to the apparel industry which is dealing with the price hike of raw materials and the prevailing unfavourable economic environment in the country.

The apparel industry has become one of the main sectors earning foreign exchange to Sri Lanka even amidst the COVID–19 pandemic.