by Hiran H. Senewiratne
The decline in our total apparel exports would be by 25 percent this year on account of the pandemic. This would make a considerable dent in the US $ 4 billion foreign exchange earned annually through apparel exports. But the apparel sector will be able to come out of this crisis stronger than before due to government support, Joint Apparel Association Forum (JAAF) chairman A.Sukumaran said.
Sukumaran was addressing a media round table conference on Tuesday at the Movenpick hotel in Colombo.
He said that JAAF expects further demand contractions that could result in reductions in apparel exports by an additional 30-40 percent after June, in its best-case scenario.