Colombo to implement Swiss Global Textiles & Apparel Programme Phase 2

03 Jul '24

1 min read

Colombo to implement Swiss Global Textiles & Apparel Programme Phase 2

Pic: Adobe Stock

Insights

Sri Lanka's cabinet has approved a proposal to sign a pact with the Swiss State Secretariat for Economic Affairs to implement the second phase of the latter's Global Textile & Apparel Programme.
The agreement is expected to drive the industry's shift to sustainable practices and boost its competitive edge globally by integrating advanced digital technologies.

The Sri Lankan cabinet recently approved a proposal to sign a project agreement with the Swiss State Secretariat for Economic Affairs (SECO) to implement the second phase of the latter’s Global Textile & Apparel Programme.

The proposal was moved by President Ranil Wickremesinghe in his capacity as the investment promotion minister.

The agreement, to be signed by the Sri Lanka Export Development Board (EDB), is expected to offer significant support from the SECO programme, drive the industry’s shift to sustainable practices and boost its competitive edge globally by integrating advanced digital technologies, according to Sri Lankan media reports.

“The initiative aims to support the transformation of Sri Lanka’s textile and apparel industry towards producing quality green products through the promotion of digitisation,” cabinet co-spokesman and minister Bandula Gunawardena told a media briefing.

Fibre2Fashion News Desk (DS)

More Textiles News - Sri Lanka...