ZÜRICH, Switzerland: MAS Holdings, a global apparel & textile manufacturing and tech conglomerate, headquartered in Sri Lanka with a global footprint across 16 countries, secures a stake in HeiQ AeoniQ as part of its Plan for Change initiative to support the development of next-generation cellulosic filament fibers to replace polyester and nylon.
As trade wars rage, a new mega-treaty comes into play and some uncertainties keep rankling Sri Lanka’s GSP+ status from the EU. A look at how the country’s apparel industry is working it out.
With the forex crisis in Sri Lanka keeping the country on tenterhooks, the importance of the apparel manufacturing sector becomes paramount. Also, it has to earn more and spend less.