IFCOMA

Indian Footwear Components Manufacturers Association

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'IFCOMA' GOES GLOBAL with its
1st BSM in Colombo,Srilanka on 5th & 6th February 2003

Mr.Ranjith Hettiarachchi, president of Ceylon Chamber said the main objective to organise this type of exhibition is to promote small and medium scale footwear manufacturers in Sri Lanka. He also added that this exhibition would help to create a large number of jobs. He thanked the Sri Lanka Govt. for additional duty of Rs 100/- per pair imposed on imports and assured that footwear manufacturers will do their best to stand up to the Government expectation.

Mr Mohan Kumar, Dy High Commissioner, High Commission of India said that the politics should not affect the cordial trade links and economic progress between India and Sri Lanka, because future of economic relationship between the two countries is very bright. He informed of the surplus trade balance in favour of India and requested industries to explore possibilities in mutual interest.

Mr. Bernard Hettiarachchi, Senior technical consultant to Sri Lanka - German Private Sector Promotion Project said that the Footwear Manufacturing is one of the industries that has a minimum impact on the environment. He arranged a group of shoe manufacturers from Kandy area on 6th to look at the components / accessories and explore storing possibilities to strengthen availability, quality and quantity at the artisan levels.

Honorable Chief Guest Mr. Ranjit Fernando, Secretary for the Industrial Policy & Development Ministry asked the industry to upgrade themselves to meet the global competition because the support of Import duty on finished footwear of Rs 100/- is short term and can not be for longer period. He said India is the best neighbour to have a connection with industrial, political or cultural affairs” and expressed open and spontaneous approach to agree to provide a venue for opening a wholesale center in Colombo for footwear components. He further informed that the Honorable Prime Minister Mr.Wickremesinghe's is trying to make Sri Lanka a Free Trade Zone and they have taken initiative to commence a Free Trade Agreement with India and said that the Government has reduced import duties on Footwear Components to 10 percent.

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