TRADE AND INVESTMENT

Sri Lankan tea (known for generations as Ceylon Tea) carries behind it a heritage and success story like no other. A product that began as a diversification experiment in 1867 spanning just 19 acres of land has today surpassed all geographical borders to satisfy 19% of global demand. Reputed for its signature taste and aroma, Sri Lanka has become the world’s third largest tea exporter to the world, the country’s largest employer and has the distinction of supplying tea to the Olympic and Commonwealth Games. It is a great equalizer, demanding attention from the counter of the smallest eatery to the most exclusive tea-bars in the world.

Ceylon Tea is also the cleanest tea in the world in terms of pesticide residues, a fact confirmed by the ISO Technical Committee. Sri Lanka was also the first to achieve the “Ozone Friendly Tea” label recognized under the Montreal Protocol Treaty and is the proud owner of the first Ethical Tea Brand of the World recognized by the United Nations Global Compact.

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Sri Lankan Apparel Manufacturers & Suppliers are reputed worldwide for producing top quality ethical fashion apparel trusted by the iconic global fashion brands.

Sri Lanka’s apparel export industry is the most significant and dynamic contributor for Sri Lanka’s economy. The industry has enjoyed epic growth levels over the past four decades and is today Sri Lanka’s primary foreign exchange earner accounting to 40% of the total exports and 52% of industrial products exports. This industry entirely privately owned has successfully exploited the opportunities in the international market.

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Sri Lanka prides itself in manufacturing a number of value added rubber products by processing raw rubber. These range from Rubber Products made in Sri Lanka are internationally acclaimed and accepted for quality and durability. Sri Lanka’s industrial solid tyres are not only recognized as the best product in the world but also industry prides itself as the market leader of the global market.

At present the country ranks among the world’s top ten largest producers and 7th largest exporter in natural rubber. Sri Lanka Rubber Industry consists of two closely independent sectors; the rubber plantation industry which producers raw rubber and high value new product innovations in finished rubber goods. Presently, Sri Lanka produces about 153,000 metric tons of natural rubber annually.

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Today Sri Lanka has made its mark in the international market and is known for quality gemstones and creating fine jewellery in a range of unique and exquisite designs. With this reputation, the Sri Lankan gem and jewellery industry is now geared to establish a world-class gem and jewellery hub. The entire industry employs approximately 600,000 persons including miners, cutters and polishers, dealers, jewellery designers, manufacturers and craftsmen, marketers and sales people.

Sri Lanka is blessed with over 70 varieties of coloured stones out of 200 found in the world and is among the five most important gem-bearing nations of the world. Notably, Sri Lanka’s major strength is the “Ceylon Sapphire”. While Sri Lankan jewellery manufacturers demonstrate remarkable craftsmanship, Sri Lankan gem suppliers offer a wide range of Ceylon gems to the global gem market representing the country’s breathtaking natural heritage. 

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Sri Lankan Food Manufacturers & Suppliers offer processed fruits, vegetables and juices, confectionery and bakery products, rice and cereals, animal feed and residues of the milling industry while Sri Lankan Beverage Manufacturers & Suppliers (besides tea) export mineral water, bottled drinking water and alcoholic beverages.

With fertile Northern and Eastern land areas opening up for agricultural and economical development, and the use of improved raw materials and new process technologies, Sri Lankan agricultural growth augurs well for the future.

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Known as the Spice Island, Sri Lanka was historically attractive to the Western nations for its spice riches. Sri Lankan Spices and Allied products Suppliers export the most sought-after cinnamon, pepper, cloves, cardamoms, nutmeg, mace and vanilla. These grow in abundance all over the island in fertile and diverse soil types and varying temperature conditions.

56% of Sri Lankan agricultural exports consist of spices, allied products and essential oils. These varieties of condiments are used to season, flavour and aromatise various forms of cuisines across the world.

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Sri Lanka is emerging as a global ICT destination of choice in number of key focus domain areas. Sri Lanka is ranked among the Top 50 Global Outsourcing destinations by AT Kearney and ranked among Top 20 Emerging Cities by Global Services Magazine.

Unique advantage for Small and Medium Enterprises (SME) to enjoy premium access to a high-quality talent pool, which is becoming increasingly challenging in large established destinations such as India and China. The environment is also highly conducive for establishing high-in-demand niche competency centers out of competition for even larger global services companies. Colombo has a well-established road network with a quality supply of power, modern office facilities and a well-developed set of support infrastructure services.

The modern international airport welcomes more than 20 international airlines with direct flights to many worldwide destinations weekly. There are over 140 flights per week to most cities in India. Most Indian cities are less than 2 hours away from Sri Lanka.

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Coconut is one of the major plantation crops in Sri Lanka which accounts for approximately 12% of all agricultural produce in Sri Lanka. Total land area under cultivation is 395,000 hectares and about 2,500 million nuts are produced per year.

Sri Lanka is very popular in world market for Desiccated Coconut (DC) and Brown fiber. Distinguish white colour and characteristic taste of Sri Lankan DC has ranked Sri Lanka at 4th position of world export market for all kernel products. Sri Lanka holds the global No.1 for the exports of Brown fiber. A technique called drum system is used to extract fiber, resulting in long pure fiber, which are more suitable for brush industry.

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Sri Lanka offers several professional services to the global market, catering to a strong and sustained growth.  International markets now recognize the high degree of intellectual and specialized expertise of Sri Lankan professionals.  Professional services mainly include financial and legal outsourcing and construction services among others.

Today Sri Lanka has a large number of higher educational institutions including universities, technical colleges and vocational training institutes, through which over 5,000 graduates and technicians obtain degrees and diplomas in such fields as engineering, architecture and surveying.

Professional training is normally provided through employment, principally in government institutions, for example, the Irrigation Department, Central Engineering Consultancy Bureau, State Engineering Corporation, Survey Department. Fields such as architecture and computer software, have a strong supply base within established companies.

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Seafood product sector plays an important role in Sri Lanka’s Social and economic life. The Sector contributes about 2.7% to country’s GDP. Sri Lanka has emerged as a quality tuna exporter -predominantly yellow fin and big eye species to international markets. These include sashimi quality tuna, tuna loins, fresh tuna steaks, tuna topping and tuna saku blocks, to name a few.  The seafood sector has shown a growth rate of 5% within the last 5 years with key buyers from UK, France, Italy, Japan, Netherlands and the USA.

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Sri Lanka exports marine, freshwater, brackish water fish species and marine invertebrates. Marine fish and invertebrates are collected by experienced scuba divers from the waters around the island while freshwater species are bred in captivity by a large number of small and medium scale producers who are dedicated to maintaining the highest standards of quality.

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Unique, distinctive and elegant; going well above and beyond other Asian competitors, Sri Lankan ceramic products can now be found in top department stores including Macy’s, Crate & Barrel and Pottery Barn in the USA, El Corte Ingles in Spain, Debenhams and House of Frazer in UK.

High quality products and design confidentiality are guaranteed through the inherent benefits of a highly skilled workforce, excellent factory level management, state-of-the-art technology, research and development facilities, high ethical standards and an abundant supply of raw materials for the industry.

The island is endowed with excellent raw materials such as high-quality quartz, feldspar, dolomite and China clay. Purity and quality of these raw materials contribute immensely to the high standard of the product.

Upholds comparatively superior characteristics including a high level of whiteness, high translucency, high scratch resistance and high thermal shock. Please click here to see the products.

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Agriculture is synonymous with Sri Lanka due to the country’s fertility and autonomous clusters of farmers; around eighty different varieties of fruit and vegetable are grown in Sri Lanka’s varied agro-climatic areas.

Cool climatic conditions in the country’s central hill country are ideal for temperate crops such as carrot, leek, cabbage, cauliflower, salad leaves, beet, bean, bell pepper and salad cucumber.

Low country and dry or wet areas are suitable for a variety of exotic tropical fruits and vegetables ranging from gherkins, green chilli, red onion, pumpkin, bitter gourd, melon, sweet and sour banana types, queen pineapple, papaya, mango, and lemon.

Certain endogenous yams (Lecranthus and Xanthasoma sagittifolium), underwater stems (Lasia spinosa and Nymphea lotus) and fruits and pods of perennial crops such as bread fruit, young jackfruit and murunga are tasty exports. Tropical produce such as pineapple, mangosteen, ripe jack, avocado, rambutan, star fruit, passion fruit and anoda are acclaimed for their unique flavour, aroma, and colour.

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Sri Lanka is endowed with different climatic conditions caused by terrain, enabling her to develop floricultural products ranging from tropical to temperate. Today Sri Lanka is recognized as one of the best quality floriculture production centres in the world.

A nation recognised for fertile land and a rich variation of flora and fauna, Sri Lanka is hailed as one of the best quality floriculture production centres in the world with floricultural products ranging from tropical to temperate flora. This is due to the island’s mix of lowland tropical climate and cool hill country temperatures being optimum conditions for successful propagation of different varieties of stunning flowering plant species. The natural substrate (coco-peat) is also freely available as a growing medium.

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Electronic/Electrical are one of the key industries of Sri Lanka which is increasingly converging, with the ICT sector. Preferential market access under the Indo-Lanka Free Trade Agreement, Pakistan-Sri Lanka Free Trade Agreement and the European Union Generalized System of Preferences Plus (GSP Plus) Scheme is an added advantage for Sri Lankan exporters of electronic/electrical products.

Sri Lanka has extensive deposits of high-quality minerals such as kaolin, feldspar, silica sand, quartz and ilmenite, which could be used as a base material for electronic products.

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With the development of the printing industry worldwide, Sri Lanka is one of the few countries that adopted the latest technologies very early.  Leading Sri Lankan printers are well equipped with multi-color printing machines spanning several popular brands with finishing equipment. In the recent past, the Sri Lankan printing industry invested in technology which led to expansion of capacity and vast improvement in quality.

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Sri Lanka the resplendent island in the centre of the Indian Ocean has a long and a proud history of boat building. It has a great advantage to become the hub for boat manufacturing in the Asian region due to its strategic location, highly trainable workforce and the labour cost advantage. Sri Lanka has one of the best natural harbours in the Asian region and its commercial port in Colombo is rated among the most economical and efficient which offers a complete service to shippers.

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Plastic processing is a flourishing, industry in Sri Lanka for over 45 years. Currently Sri Lanka has over 400 companies engaged in plastic processing and exports.  Products such as sacks and bags, articles of apparel and clothing accessories and cellulose are manufactured through plastics processing and exported directly and indirectly.

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From colorful rubber thongs to genuine leather shoes, Sri Lankan footwear exporters have already established themselves as quality conscious suppliers to well-known international brands.

The footwear industry has significant potential to be a key contributor to Sri Lanka’s economy, and already provides high end products to Mark & Spencer, Bata France, H.H. Browns, Clarks, Aerosoles and Nike. A diverse range of shoes including canvas and rubber boots, thongs, sports shoes, and leather shoes are produced, using a variety of raw materials.

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Sri Lanka’s inherent craftsmanship, cultural diversity and rich natural resources provide the base for a wide range of giftware products that satisfy quality-conscious and astute buyers.

The diversified raw material base for giftware and toys includes stone, clay, textile, wood, rush and reed, recycled paper, leather, metal and recently elephant dung, born of Sri Lankan entrepreneurship. Water hyacinth, banana fibre, tea refuse, paddy husk and wild grass are examples of a few eco-friendly materials used to conserve the environment in manufacturing recycled paper for the gift industry.

Giftware from Sri Lanka is a combination of traditional skills and modern technology. Final artistic touches are given by the deft fingers of the expertly skilled hands to ensure the uniqueness and the exclusivity of the product.

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Historically, Sri Lanka has traded textile with nations like India, China and Middle Eastern countries, and the handloom textile industry is one of the country’s oldest traditional crafts.

The elegance of locally handcrafted sarees, the vibrancy of painstakingly woven soft toys, the innovative colour combinations of upholstery fabrics: these are part and parcel of Sri Lanka’s centuries old handloom textile industry.

The industry has helped showcase the undying creativity of generations of Sri Lankans taking them to the international arena.

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Organic is an environmentally friendly, culturally sensitive and economically viable sustainable agricultural system that maintains an efficient management system.  Among the producer countries, Sri Lanka maintains a reputation in organic crop production and exports different varieties of organic products adhering to international standards. For over a decade, Sri Lanka had exported a range of organically certified products.

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Ayurveda is the hugely popular art of healthy living, which has transcended all cultures.  In Sri Lanka, it is practiced harmonized with Sri Lankan Traditional Medicine, which evolved from pre-historic era and currently operates as “Sri Lankan Ayurveda”.   Meaning of Ayurveda derived from the two words (Ayuh) life and (Veda) science or knowledge, hence it is “a science of living”.  Sri Lanka is well-equipped with qualified indigenous medical practitioners as well as rare diversity of natural herbs used for Ayurvedic medicine with dynamic healing powers.

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The engineering products sector in Sri Lanka consists of over 1000 manufacturing units and 11 steel plants which include small and medium-sized manufacturing units and export-oriented ventures located both within and outside the country’s free trade zones.  Recognized Sri Lankan exports such as industrial and domestic fans, room air conditioners, refrigerators, agricultural processing machinery, small engines and metal furniture are already manufactured to global standards. Ample opportunities exist within Sri Lanka’s Light Engineering Sector for prospective investors.

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The wood-based manufacturing sector in Sri Lanka depends almost entirely on the local wood supply for raw materials. The sector is diverse, consisting of a variety of industries including saw milling, furniture, construction, parquet flooring, wood-based panel products, carvings and wooden toys.  Furniture that encourages stylish dining, parquet that redefines modernity and wood-based panels that exude classic elegance; Sri Lanka’s wooden products give homes around the world craftsmanship and comfort.

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