Sri Lanka, July 12 -- Apparel exports of Sri Lanka has achieved the highest growth rate recorded in the past five years accounting for a 6.38% growth in May against last year and a compound growth rate of 8.7% for the period from January to May against the same period last year.

Chairman, Sri Lanka Apparel Exporters Association (SLAEA), Rehan Lakhany told the Daily News Finance that so far they are proceeding successfully on the track to achieve the target of US $ eight billion by 2025.

For the first five months in 2019, the revenue earned from apparel exports has been US $ 2.14 billion where as the export revenue for the month of May has hit US $ 400 million. Thus the industry has contributed enormously for the economy of the country b...