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Value-addition only means of survival – Expert
04
Mar '10
An expert of the Indian Ocean island stated that, the textile firms in Mauritius which supply to European chains like Next and Zara, in order to retain their competitiveness, require new export markets and more value-added products.

In order to retain is competitiveness, Mauritius will have to scale up with regards to value-added products else, it may not be able to survive as a competitive textile manufacturer involved in production of textile goods.

Lower end of the market segment is more exposed to competition. For Mauritius it is imperative to progress and elevate itself along the global value-chain in the sector for production of the branded designer value-added textiles.
After contracting by four percent in 2009, the sector is anticipated to escalate by one percent in current year.

UK, France, Germany and Italy are the key textile markets for Mauritius. Textile sector also generates 11 percent of the jobs in Mauritius while contributing 6.5 percent of nation's gross domestic product.

In 2010, the export revenues are expected to touch 24 billion rupees as against 23.4 billion during previous year.

After over 35 years of being involved in manufacturing of export-oriented garment, the textile industry in Mauritius has acquired required buoyancy to deal with the competition as revealed by the consistent performance in 2009 regardless of the global meltdown.

Textile and clothing sectors have managed to withstand the crisis despite of its severity. As revealed by the provisional data for 2009, when compared to 2008, value of textile and clothing exports have hiked by 0.1 percent in 2009.

Nonetheless, the sector will have to explore new markets in closer vicinity in order to benefit from the trade liberalization in African countries like for instance Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa.

Next to Madagascar, which made up around four percent of exports from the sector, South African market extends greatest opportunity with a contribution of around nine percent. Though, a lot depends on the region's economic and political consistency.

Fibre2fashion News Desk - India


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