Home / Knowledge / News / Apparel/Garments / PRGMEA worried at losing export markets to Bangladesh
PRGMEA worried at losing export markets to Bangladesh
16
May '16
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has voiced its concern at Bangladesh's rising garment exports that is eating into Pakistan's markets.

In a statement, Shaikh Mohammad Shafiq, Central Chairman of PRGMEA said that at present total export of Bangladesh is $33 billion out of which textiles is $27.5 billion which includes $26.5 billion of garments only.

“We feel our share has been taken by Bangladesh. We need to fight for it and bring it to our advantage. Their exports are now increasing at $3.5 billion per year and expected to hit $50 billion per year by 2020, and whatever they have been giving in their budget estimate in last three years is coming true,” he said

According to the statement, Pakistan ranks 138 out of 189 on ease of doing business, slipping two place from last year's position. The cost of making garment in Pakistan is almost double to that of making in Bangladesh. The 60 per cent cost component of wages has a vital impact which is two times in Pakistan, the other costs that includes energy and financials also burdened due to high tariff.

Shafiq said the Government must realize that time has gone when raw material used in textiles (yarn, fabric etc) could be exported. This trend is not going to continue and it is the reason Pakistan is facing serious downfall. Countries have to use their raw material and export only possible in the form of finished products - garments. “We must believe in concept that countries have to be completely vertically integrated to use their raw materials in completely finished product,” he said in the statement.

“If we see the exposure of these economies towards value added sector, cost is one of the key factors that Pakistan's garment export is only 10 per cent of Bangladesh's woven garment sector, which shows keen interest of Bangladesh Government and other low cost wages countries to boost up this sector and to offer different incentives and schemes to further enhance and growth of this industry,” he said.

He also said that low cost of labour in Bangladesh goes in favor of employers. While the minimum wage is around $68 in Bangladesh, in Pakistan it is $125 and rising. Additionally the lower utilities cost further benefits the manufacturer, he pointed out.

According to the PRGMEA It is now the need of the hour for the Pakistani government to develop a coherent plan that allows some sort of exemption/concession to the garment sector to arrest its decline.

Shafiq reiterated that the garment sector immediately needs zero-rated regime that had been announced by the Prime Minister. He also sought the release of pending refunds against sales tax, duty drawback and drawback on local taxes and levies (DLTL). Tariff of electricity, gas and water for export sectors should also be brought down, he said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search