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| MP Harsha de Silva Calls for Urgent Action to Protect Textile Industry |
The Sri Lankan textile export sector is facing growing challenges, with rising raw material costs, a shortage of skilled labor, and stiff competition from other countries. In a recent statement, MP Harsha de Silva called on the government to take urgent remedial measures to address these challenges and protect the vital textile industry.
One of the biggest challenges facing the textile sector is the rising cost of raw materials. The price of cotton, for example, has increased by more than 50% in the past year. This has led to a sharp increase in the cost of production, which has made it difficult for textile exporters to compete with rivals from other countries.
Another challenge facing the textile sector is a shortage of skilled labor. The textile industry is a labor-intensive industry, and the lack of skilled workers is hampering production. The government needs to take steps to address this shortage by investing in vocational training and providing incentives for workers to stay in the textile industry.
Finally, the textile sector is facing stiff competition from other countries, such as Bangladesh and Vietnam. These countries have lower labor costs and more favorable trade agreements, which gives them a competitive advantage over Sri Lanka. The government needs to take steps to address this competition by negotiating better trade deals and providing financial assistance to textile exporters.
MP Harsha de Silva has called on the government to take urgent remedial measures to address the challenges facing the textile sector. He has urged the government to:
- Renegotiate the Free Trade Agreement with India to remove barriers that restrict exports above $8 million.
- Re-evaluate and amend the 30% taxes on exports.
- Provide financial assistance to textile exporters.
- Invest in vocational training to address the shortage of skilled labor.
- Promote the Sri Lankan textile industry in international markets.
The textile sector is a vital part of the Sri Lankan economy, and it is important that the government takes steps to protect it. The measures proposed by MP Harsha de Silva are a good start, and the government should implement them as soon as possible.
Resource:
#Srilankaexports #Srilanka #Textile
This information is from Google AI's blog post on Bard: <https://blog.google/technology/ai/bard-google-ai-search-updates/>"
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