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Category Trade

The delegation of ‘South India Powerloom Federation’ successfully concludes the Business Visit to Sri Lanka

A delegation of ‘South India Powerloom Federation’, the confederation of weaving associations in Southern States, along with Dr. M. S. Mathivanan, the Chairman of the Federation, visited Sri Lanka on 22nd November, 2021, under the invitation of Dr. D. Venkateshwaran, the Deputy High Commissioner of Sri Lanka for Southern India. As South India has the historical and largest contribution to the Powerloom industry in India, the objective of this visit was to strengthen business links between South India and Sri Lanka as well as to seek the opportunities to ‘Invest in Sri Lanka’ in Textile Industry. In this visit, the Delegation headed by Dr. Venkateshwaran met Hon. Basil Rajapaksha, Minister of Finance, Hon. Dayasiri Jayasekara, State Minister of batik, handloom, and local apparel products, Hon. Nalaka Godahewa, State Minister of urban development, Mr. Ajith Nivad Cabral, Governor of the Central Bank, Admiral Professor Jayanath Colombage, Foreign Secretary and Mr. Sanjaya Mohottala, Chairman, Board of Investment to discuss new avenues on developing Powerloom industry in Sri Lanka. Further, the delegation visited National Chamber of Commerce and Colombo Business Association together with Urban Development Authority, to discuss about trade and investment opportunities available in Sri Lanka, specifically in recently established Eravur Fabric Park, which led for several possible investment opportunities in Textile and Apparel Industry as the outcome.

Deputy High Commission of Sri Lanka

Procurement Notices -Sri Lankan Airlines


Bid closing date: 23rd November 2021 at 11.00 am Sri Lankan time (GMT + 5:30 Time Zone)

Supply and Delivery of 01 Aircraft Towing Tractor -TowBarless (TBL) for use within Bandaranaike International Airport.

Bid closing date: 25 October 2021 at 1400hrs (Sri Lanka Time GMT+5:30 Time Zone)

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Sri Lanka encourages South Indian weavers to invest in Sri Lanka

Sri Lanka Deputy High Commission in Chennai in collaboration with Tamilnadu Powerlooms Federation organized a trade and investment delegation at the Mission premises on 06th October 2021.

The objective of the meeting was to make the fabric manufacturers aware of the trade and investment opportunities available in Sri Lanka and business conducive environment for the apparel sector players. Making his remarks the Deputy High Commissioner, D. Venkateshwaran stressed that India is Sri Lanka`s closest neighbor and 2nd largest trading partner; tremendous trade and investment opportunities are available in Sri Lanka which are mutually beneficial to both countries. Further, he added, international traders in both countries can indulge the benefits of enhanced trade as a result of lower transportation cost and low shipping duration due to exclusive proximity of Sri Lanka to India, duty concessions being given under the Indo Sri Lanka Free Trade Agreement (ISFTA) & preferential trade Pacts (SAFTA & APTA) and substantial sops and concessions being furnished by the Board of Investment, Sri Lanka (BOI).

Mr. Mathivanan, President of the Tamilnadu Powerloom Federation emphasized the importance of doing business in Sri Lanka due to the ultimate facilities being provided and its high quality production processes. Adding more to his remarks he expressed their interest to explore more opportunities in Sri Lanka for South Indian apparel manufacturers and establishing a textile & management institution in Sri Lanka which would provide technical know-how and expertise knowledge about contemporary textile industry.

During the open interaction session, the Sri Lankan envoy was raised queries regarding the forming of joint ventures, business collaborations and other facilities given to the international investors. While successfully addressing these questions, the Deputy High Commissioner invited the delegation to pay an official visit to Sri Lanka to explore the investment opportunities in Eravur fabric processing park and experience the humongous facilities given to apparel manufacturers.

Concluding the meeting D. Venkateshwaran, commended the keen interest shown by the delegates to doing business in Sri Lanka and given the impulse to submit individual proposals upon their area of interests. Further, he proposed forming the Tamilnadu-Sri Lanka Powerloom Federation soon which would bolster the fabric industry in both countries