200 apparel factories at risk
It is reported that about 200 small and medium scale apparel factories are at risk of collapsing due to issues including the prevalent fuel and power crises.
Felix Fernando, Vice President of the Joint Apparel Association Forum of Sri Lanka (JAAF) told media that although many large scale apparel factories obtain fuel from Ceypetco and LIOC fuel stations with dollar payments, small and medium scale apparel factories are facing a crisis when trying to meet their fuel requirements.
Most of the time, they do not get sufficient fuel, he added.
The JAAF notes that many large scale apparel factories task medium and small scale factories with certain portions of an order as sub contracts. Therefore, when the medium and small scale factories are affected, it also affects the large scale factories, they point out.
Also, pointing out that factory staff too are having transport issues to arrive at work, apparel factory owners have also requested Ceypetco for a fuel quota for the transportation of their staff.
Also, small and medium scale apparel factories are also forced to foot extra costs to activate generators, which have become necessary due to the prevailing power cuts.
Mr. Fernando has pointed out that there is a risk of overseas being diverted to other countries due to the current crisis, and they have had to take massive efforts to negotiate and prevent this from happening.
(Source : Lankadeepa)