FAAMA AGM 2025: Concerns of market turbulence with SVAT removal

FABRIC and Apparel Accessory Manufacturers Association (FAAMA) held its Annual General Meeting recently, with Husni Salieh of Noyon Lanka appointed as the new Chairman.

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He will be supported by Vice Chairmen Niroshan Samarasinhe of Stretchline Ltd., and Shahid Sangani of Dynawash Ltd.

The Chief Guest at the event was Board of Investment (BOI) Chairman Arjuna Herath, while Export Development Board (EDB) Chairman and CEO Mangala Wijesinghe graced the occasion as Guest of Honour.

FAAMA represents a diverse membership of key suppliers to the apparel export industry, including manufacturers of fabric, lace, zippers, elastics, bra cups, and packaging materials, etc. In support of Sri Lanka's ambition to build a robust backward supply chain, the sector has made significant investments in local manufacturing capabilities. Today, FAAMA members contribute close to $ 1 billion in direct and indirect exports and play an essential role in value addition, which currently exceeds 55% in the apparel industry.