Lanka targets US $ 10 b in exports

Indunil HEWAGE

The Sri Lanka Export Development Board is optimistic of reaching US $ 10 billion in export revenue by the end of this year.

This number would surpass the EDB?s anticipated US $ 9.2 billion export revenue target for 2011 .

Accordingly, exports of agricultural products, textiles and garments, petroleum products, beverage sector have recorded impressive 11%, 25%, 150% and 42% growth rates by October this year.

The export of wooden products, paper products and finished rubber products also posted 22%, 55% and 60% growth rates respectively for the same period, Export Development Board Chairman Janaka Ratnayake said yesterday.