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Sri Lanka’s apparel and textile exports crossed the USD 5 billion mark in 2025, recording year‑on‑year growth of over 5% despite global demand volatility.
JAAF urges the government to delay the removal of the SVAT system until VAT refund mechanisms are fully ready. A smooth transition is vital to support Sri Lanka’s apparel exporters.
Coats International Global CEO Rajiv Sharma says he is confident that Sri Lanka’s apparel industry will rebound and the economy will bounce back. “It’s actually happening as we speak, despite the last three months of unrest and confusion,” he said.