Saertex to set up export base in SL
Saertex India, the world leader in non crimp
glass, carbon and Aramid fabrics (technical fabrics) is eyeing Sri
Lanka to set up an export oriented manufacturing base to make glass
composites and is currently holding discussions with the Board of
Investments.
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Tea industry could achieve US $ 5 b export mark by 2020- Dr
Jayasundera
The country’s tea industry could achieve US $ 5
billion export value by 2020 through increased productivity and
value addition. “Sri Lanka will be a country with an identification
and differentiation that could achieve the $ 20 billion export mark
by 2020. I am optimistic that we could cross $ 5 billion mark in tea
exports by 2020 not by doubling our production, but tripling the
prices as volumes could only increased by 2 to 3 percent. Moving
away from conflict trap and being a middle income country, one can
look at the future with fair degree of optimism, Treasury Secretary
Dr. P.B. Jayasundera said.
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40-fold returns on investment:
Ratmalana Industrial Zone tops $ 18 m turnover in 2011
The Ratmalana Industrial Zone (RIZ) where 2012
US BID Quality award winner Elcardo Industries is based, has
reported $ 18 m (Rs 2,500 m) turnover in 2011. “We salute the
international achievement of Elcardo Chairman Rohan Weeraratne which
brought honour to RIZ and our manufactures.
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Fitch Affirms Abans at 'A-(lka)'; outlook stable
Fitch Ratings Lanka has affirmed Abans Pvt Ltd's
(Abans) National Long-Term rating at 'A-(lka)' with a stable
outlook. A full list of rating actions is provided at the end of
this commentary.
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