Serious crisis developing: Advantage of low labour costs in
apparel industry ends
The advantage of low cost labour has come to an
end in the apparel industry in Sri Lanka and a serious crisis is
developing. The Joint Apparel Association Forum, the umbrella
organisation of the apparel associations in Sri Lanka said that the
industry is not in a position to increase the minimum basic wage to
Rs. 10,000, as demanded by some trade unions.
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Construction sector to yield over Rs. 3,800b to national GDP in
2011
Sri Lanka's construction sector will contribute
Rs. 3,860 billion to the national GDP in 2011 against the current Rs.
2,325 billion. The overall contribution will increase to 12 percent
from the present 7.2 percent, Co-Chair of the Construction Cluster
of the National Council for Economic Development, D.D. Wijemanne
said.
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Rs. 6 m project to increase competitiveness in 30 factories
The Ministry of Industrial Development will
implement a project to increase the competitiveness of 30 factories
selected from seven sectors at a cost of Rs. 6 million.
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