SLRA to host Asia Pacific Retail Convention and Exhibition 2024

retail

Sri Lanka Retailers’ Association (SLRA) aims to be the apex body of the retail industry in Sri Lanka with an ambitious vision of ‘Achieving Retail Excellence’ by being the ‘Voice of the Retail industry in Sri Lanka’.

As a means of achieving SLRA vision and mission through Retail Excellence, SLRA was recognised as the 20th members of the Federation of Asia Pacific Retail Association (FAPRA) in 2019. Mr. Sidath Kodikara President of Sri Lanka Retailers’ Association (SLRA) and Mr. Murali Prakash, Vice president of SLRA attended the 19 th Asia-Pacific Retailers Convention and Exhibition (APRCE), which was held from 5th to 7th September 2019, at Chongqing Yuelai International Convention Centre, Chongqing, China. The theme
of 19 th APRCE was ‘New Retail, New Consumption, New Dynamics – Cooperation and Sharing’.

Subsequently SLRA organized its first event with FAPRA by hosting the FAPRA Executive Directors’ Virtual Meeting 2020 on 14 th July 2020. The meeting was joined by representatives from 20 countries in the
region. The meeting focussed mainly on the emerging trends of retail both locally and globally, and to find answers to post COVID issues in the industry and share innovative best practices of retail.

At the recently held Heads of Directors Virtual Meeting of FAPRA, SLRA won against Singapore Retail Association to be as the host country for Asia Pacific Retail Convention and Exhibition (APRCE) 2024. Mr.Dinesh Perera, Asst. Secretary General of SLRA was nominated as the Chairman of the organising committee APRCE 2024. The APRCE is a major project of the Federation of Asia Pacific Retailers Associations (FAPRA). Which is held every two years. The event has become Asia’s biggest and longest
running retail convention and exhibition since it was first held in 1983 in Tokyo, Japan.

The APRCE’s objectives are two-pronged: (a)To discover new approaches to the latest issues facing the region’s retailers and highlight innovative solutions that can help retailers differentiate themselves from competitors; (b) To deliver greater value to consumers in Asia and Pacific region.

The APRCE consists of :
 2 Days Conference & 2 Days Exhibition
 Country Report
 Presentation of FAPRA Awards
 Networking & Gala Dinners
 Study & Shopping Tours
 Social Programme
 Business Matching Programme
The 19 th APRCE is visited by more than 4,000 delegates and participants from more than 10 countries/regions, and the next APRCE will be held in Indonesia in year 2022.

The Retail sector is highly dynamic and ever changing, the objective of organising the APRCE 2024 in Sri Lanka, is to boost and rebuild the confidence within Sri Lankan Retailers, as it aims to provide international and local insights towards growth. The Sri Lanka retail industry had recorded an encouraging growth of 6.6% CAGR since 2013, and the scale is USD 31 billion which accounts for the 1/3 of the National GDP.

The Retail industry continues its emerging contribution to the nation’s economy and recorded an employment of 1.17 million (14%of the Labor market of SL) staff with more than 300,000 retail outlets. For year 2019
quarter 1, wholesale and retail trade indicates 4.4% growth.

For any inquiries, please contact the SLRA Secretariat on 5588800 or email on shehara@chamber.lk