Search results
Results from the WOW.Com Content Network
Following a 38% increase in textile-based revenue from 1996 to 1997, in which the industry generated $2.18 billion in earnings, 50 new textile factories opened in Sri Lanka in 1998. [10] As of 1998, the Sri Lanka apparel industry employed about 300,000 people in 800 factories. Sri Lanka nationals are primary owners of 85% of the small-to-mid ...
The following is a list of countries by textile exports. Data is for 2022, in billions of United States dollars, as reported by The Observatory of Economic Complexity. [1] Currently thirty countries, as of 2022, are listed.
Textile mills employed thousands of people from across the state, and the cotton garments manufactured were exported around the world. The prosperity of the industry was the mainstay of the city's economy. It is called the "Manchester of India". [citation needed] Thus, Ahmedabad is officially famous for its cotton textile works.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [40] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [41]
This was the largest textile mill in Sri Lanka. The mill was constructed in an area of 14 acres and under one roof. [1] [2] In 2006 MAS Holdings established a fabric park in Thulhiriya, the country's first privately owned apparel intensive free trade zone. [3] The fabric park spans 66.6 ha (165 acres) and provides employment to over 8,200 people.
Hayleys Fabric acquired South Asia Textiles Ltd in April 2021 for LKR3.9 billion from Ambeon Holdings. South Asia Textiles' plant is located in Pugoda and has a processing capacity of 800 tonnes of textiles per month. [10] The acquisition of South Asia Textiles Ltd made Hayleys Fabric the largest fabric manufacturer in the country.
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees.
The gross domestic product of Ahmedabad metro was estimated at US$136.1 billion in 2023. [ 1 ] [ 2 ] Ahmedabad is the largest contributor to the GDP of Gujarat state, with an estimated US$68 billion as of 2017 [ 3 ] out of $227 billion, textile and clothing in Ahmedabad is one of the oldest industries.