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A |     Colombo, Oct 17 (UNI) Coats International Global CEO Rajiv Sharma says he is confident that Sri Lanka’s apparel industry will rebound and the economy will bounce back.
“It’s actually happening as we speak, despite the last three months of unrest and confusion,” the Daily FT newspaper on Monday quoted him as saying.
Sharma, who was on a flying visit to Sri Lanka to meet customers and employees, says the vibe was very good in the country. “You could never get a Sri Lankan down or depressed because there’s always happiness, optimism and a belief that tomorrow will be better than today."
The CEO says the support the country gets internationally was clearly seen, owing to the goodwill Sri Lanka has built over several decades.
“I meet customers in Europe and the US who are empathetic and are genuinely willing to support Sri Lanka and its apparel industry. Everyone wants to go the extra mile with their support. The way I see it, this crisis is just a bump along the road to greater prosperity for Sri Lanka.”
Sharma also spoke positively about the global market.
“There is no demand destruction happening at a large-scale. So I believe the world economy will continue to be resilient. While there will be intermittent shocks, if you break it down into its components, I think the US and the Americas broadly, will be less impacted by what’s happening globally.”
He added that Europe was in a difficult spot and would remain an area of concern as the chances of a recession have increased, but says Asia was looking relatively strong.
The Coats Global CEO says Sri Lanka is special for the industry and Coats because of its people.
“It is the human capital in this country that allows it to punch above its weight. When you meet people in the industry, there’s optimism, expertise, courage and specialisation based on a track record of delivery. There are industry giants that have originated from Sri Lanka.”
Sharma says the kind of garments manufactured locally were very complex and cannot be transported or made in Africa or some other country, adding that Sri Lanka has the skill, modern machinery and good management that is needed for delivering this complexity, in abundance.
The CEO says his wish to have more employees from Coats Sri Lanka taking on regional and global roles in Coats.
UNI MR。    현대자동차가 총주주환원율 35% 이상과 주당 최소배당금 1만 원 유지 등 주주환원 정책을 발표했습니다.현대차는 오늘(26일) '2026 CEO 인베스터 데이'를 개최하고 중장기 주주환원책을 공개했습니다.주당 최소 배당금 1만 원 이상, 분기별 2,500원의 분기배당 정책을 유지하고, 총주주환원율 목표는 35% 이상으로 정했습니다.현대차는 또 앞서 발표한 주주환원 정책에 따라 기존에 보유한 자사주 250만 5,606주, 전일 종가 기준 약 7,891억 원 상당을 전량 소각한다고 공시했습니다.※ '당신의 제보가 뉴스가 됩니다'[카카오톡] YTN 검색해 채널 추가[전화] 02-398-8585[메일] [email protected]。

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Published on:14:32:34