Sri Lanka has plans to increase its bamboo exports and invest $24 million into the project over the next seven years. The country must first develop a strong a strong supply chain that facilitates the smooth flow of goods. The country will receive assistance to complete the project from the United Nations Industrial Development Organization.
Sri Lanka isn't the only country looking to expand its bamboo production and become an industry leader. Leaders in the Philippines are also hoping to capitalize on the growing demand for the product. However, the Philippine bamboo industry is lacking the established supply chain seen in China. Both countries are investing in local economies to create bamboo hubs that could benefit communities and ease the bamboo procurement process.
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