$100 million SL apparel purchased annually:
UK’s TESCO enlists 23 Lankan exporters
The world’s third largest retailer TESCO, have picked 23 Sri Lankan
exporters in their hardline categories. This is the first such
initiative by TESCO in Sri Lanka.
“We are returning to Sri Lanka in 2013 first quarter for our second
round of one-to-ones,” Kenneth Astley, the Haryana based General Manager
of TESCO Hardlines, (under Tesco International Sourcing, Hong Kong)
said.
TESCO PLC is a $ 94 billion revenue (2011) world’s third largest
listed retailer with 6,300 stores, 500,000 employees across 14 countries
and also is the largest supermarket chain commanding more than 30 %
British market share. “I am also impressed with the professionalism of
the Ministry of Industry and Department of Commerce (DoC). From day one
of our arrival, everything went smoothly with top coordination and we
achieved our mission in Colombo quickly thanks to their sleek
professionalism and organisational focus of DoC,” said Astley.
Astley expressed these views after his successful one-to-one direct
buyer meetings for TESCO PLC with Sri Lankan exporters. Facilitated by
the Department of Commerce (DoC), Astley began his one-to-one meetings
with Sri Lankan exporters on December 5 and continued through December
6. “Previously, our growth came from UK. But now we see new growth
coming from the East, South Korea, Thailand, Malaysia and China as our
stores in these markets report more sales.
Therefore we need to source more products and Sri Lanka is one South
Asian country we are now closely studying among 33 new sourcing
destinations. We are looking for additional GBP 15 to 20 million ($ 32
million) additional product sourcing from Sri Lanka in items such as
ceramics, plastics, wood products and coir but not apparel or garment or
even food items. We already purchase apparel from Sri Lanka to the value
of $100 million every year,” he said. |