TEXTILE EXPORTS GROW 27PC IN JULY-NOV
Jan 10 - 16, 2011
Textile exports registered an increase of 26.88 per cent during the period from July to November 2010 as compared to the same period of last financial year.
The export of raw cotton increased by 15.43 per cent as about 49,688 metric tons of raw cotton was exported worth US$121.433 million whereas about 95,056 metric tons of the commodity was exported at a total cost of US$108.514 million.
As per the data, the export of cotton yarn also grew by 17.80 per cent as about 220,906 metric tons yarn fetched US$720.171 million during the first five months of the current financial year (2010-11). The export of cotton yarn was recorded at 298,178 metric tons, earned US$ 611.359 million during the period from July to November 2009-10. Besides, the export of cotton yarn, the export of cotton cloth from the country also increased by 27.87 per cent during the period under review as compared to the same period of last year.
About 749,649 thousand SQM were exported during July to November 2010-11 which added US$901.073 million as compared to 704,219 thousand SQM costing US$704.671 million in the same period last year. However, the export of cotton carded or combed decreased by 92.01 per cent as about 566 metric tons costing US$ 0.656 million was exported as compared to 9785 metric tons worth US$ 8.212 million in the comparable period.
The export of yarn other than cotton yarn increased by 15.43 per cent, knitwear, bed wear and export of towel also registered an increase of 20.67 per cent, 14.22 per cent and 7.32 per cent respectively.
The textile industry contributes more than 60 per cent to the country's total exports.
All Pakistan Textile Mills Association is the chief organisation that determines the rules and regulations in the Pakistan textile industry. Pakistan textile industry is currently facing several challenges. There is a need for the industry to improve the quality of its products. There is also the need for greater value addition in its products. The textile machinery used in Pakistan is imported mainly from countries like Japan, Switzerland, Germany, China, and Belgium. The technology that is in use in the industry leaves a lot to be desired.
The textile industry is facing tough competition from Indian, Bangladeshi, and Chinese textile industries.
SMEDA and JICA (Japan International Cooperation Agency) has initiated an Industry Support Program in Pakistan. An Industry Support Cell (ISC) has also been established at SMEDA for its internal capacity building. A total of 166 factories in different sectors of textile industry (including 33 spinning, 41 weaving, 30 knitting and 54 garment factories) received the direct benefit of this program in all over the country. Through a feedback mechanism, it has been observed that industry is feeling a significant impact in following areas:
- Improvement in productivity
- Optimal capacity utilisation
- Introducing efficient management techniques
- Cost controls
- Skill up-gradation at middle management level
- Introducing concept of on-the- job-training
- Minimizing rejections
- Awareness of International Quality Standards
- Cultural change by introducing concept of Continuous Improvement