Sri Lankan Prime Minister Ranil Wickremesinghe said the country cannot depend on exports of garments alone and now need needs to diversify into export of other products, as Sri Lanka cannot compete with other countries like Bangladesh, where wages are lower. He added that the time was ripe to move in to production of electronic items or robotic machines.
"He quoted a Harvard study, instituted by the Sri Lankan government, which also informed that the country should stop relying on exports of clothing alone," Sri Lankan media reports informed. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
