"NGJA" was establised in 1993 under parliamentary Act No - 50 of 1993 for the development, Regulations and promotion of the Gem industry and Jewellery Industry. NGJA being the main Government institution mandated to develop and promote the entire value chain of the industry which encompasses, Mining, trading, value enhancement, lapidary, Jewellery Manufacture, Assaying & Hallmarking, Retailing & Exporting and Marketing them locally &internationally has drawn up a corporate plan for the period 2006 - 2010. The NGJA'S business model is based of the goal of self financing & sustainability. Currentlt its main sources of income are service fee leved on export and it share on revenue generated through auction of state and plantation and for gemming
Source: Export & Export Promotio
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Preparing to Face the Global Challenges - Asia- Pacific Trade and Investment - April 2005
The garment industry in Sri Lanka expanded rapidly after the liberalization of the economy in 1977. During the 1990s, the garment indusrty grew at 18.5 per cent per annum. The export-led expansion of the industry led to the replacement of tea by garments as the nation's largest foreign exchange earner. Moreover, the industry has been contribution to the liveihood of nearly 1.2 million people. However, the boom period for the industry is gradually coming to an end, with the quote system having ended on 1 January 2005, regional trading blocs and bilateral free trade agreements proliferating and governing nearly 33 per cent of global trade.
Source: Asia - Pacific Trade and Investment
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