Welcome to the TOFAS Sri Lanka 2023 exhibition, the premier platform for showcasing the latest tools and fasteners in Sri Lanka. The event will take place from August 25-27, 2023, at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo.
TOFAS Sri Lanka is a must-attend event for manufacturers, suppliers, distributors, and buyers of tools and fasteners. With a focus on innovation and technology, the exhibition provides a platform to showcase the latest products, services, and solutions in the industry.
This year's event will feature an extensive range of tools and fasteners, including hand tools, power tools, pneumatic tools, fastening systems, and industrial equipment. The exhibition will also include seminars and workshops, providing visitors with valuable insights into industry trends and developments.
Sri Lanka is experiencing significant growth in its construction industry, which creates a high demand for tools and fasteners. Additionally, the country's focus on developing its manufacturing sector also presents potential for the tools and fasteners industry. Sri Lanka's strategic location and its numerous free trade agreements with various countries also make it an attractive market for suppliers and manufacturers of tools and fasteners. With the increasing demand for quality products, there is a growing need for modern tools and fasteners in Sri Lanka, and TOFAS Sri Lanka provides an excellent opportunity for businesses to showcase their products and services to potential buyers and partners in the region.
Srilanka, a naturally thriving country, with annual growth of 9.4 percent from 2003 to 2020, well above its regional peers.
India is Sri Lanka's largest supplier, with imports worth over $950 million.
Other important suppliers include China, Hong Kong, Singapore, Taiwan, and South Korea.
In 2022, Srilanka has bagged a total Import of USD18.2 Billion and Export of USD 14.8 Bn.
Industry Growth Rate: 08 - 12%
90-92% Import Dependent