More R&D into apparel sector needed
Indunil Hewage
The local apparel industry authorities emphasize the importance of
adopting top-notch industrial research and development activities to
build enhanced technological capabilities to be competitive globally.
Joint Apparel Association Forum General Secretary M P T Cooray said
when compared to other industries, the global apparel industry has been
far behind in industrial research and development in the face of its
inability to inject substantial amount of money to conduct research
activities.
“We do not see large conglomerates in the global apparel industry.
When it comes to industrial research and development activities, access
to finance has been identified as the major constraint the industry is
facing today.
“It is a well-known fact that the apparel industry is in the process
of providing the same types of products and has not been successful in
providing diversified garments for people living in cold climates other
than manufacturing a jersey.
The automobile and mobile phone industries have benefited in offering
superior products with improved functionally at a lower price. |