Home / Knowledge / News / Textiles / Textile industry urged to develop supply chains within Asean
Textile industry urged to develop supply chains within Asean
22
Sep '11
Textile industrialists in Thailand have been called upon to institute supply channels within Asean region to boost the industry with an intention to establish the country as a leading exporter of textile items.

Bangkok Bank Executive Chairman Dr. Kosit Panpiemras has advised domestic industries to join forces to evolve a vigorous supply chain, which the private sector can manage to achieve on its own.

Addressing a seminar at the Thailand Textile Institute, Dr. Panpiemras made a mention of how China, in keeping with its 12th Economic Development Plan, streamlined its textile industry.

China, he said aimed at sustaining its export competitiveness and employment ratio by shifting its focus from being a “big” industry player to a being a “strong” industry player.

Although rise in wages of labourers had an adverse effect on China's export capacity, it is still trying to achieve a double-digit export growth, he added.

Many countries are at present endeavouring to preserve their basic industries in order to maintain local employment levels, he said.

Likewise, the Thai textile industry could also sustain by building skilled labour and by evolving new design and technology, he elaborated.

According to Dr. Kosit, a 300 baht rise in daily minimum wages next year onwards is expected to increase the production costs. The Thai industrialists should therefore join forces with other Asean counterparts to be a part of the supply chain, he said.

Development of a strong supply chain in Thailand would further a sustenance opportunity for the entire industry of the country. The country could back the industry by acting as an exporter, yarn and textile supplier and also a logistic service provider, to sustain employment.

Dr. Kosit said that presently, as Thailand heavily depends on the global supply chain, it should consider Asean as a market and also as a production chain.

Executive Director of the Thailand Textile Institute, Virat Tandachanurat said that hike in minimum wages may impede the growth of textile exports from Thailand during 2012-15 and may even lead to volatility in exchange rates.

He thus requested the Government to keep a close eye on the effects of these happenings on small scale entrepreneurs in the region.

Textile industrialists also expect some assistance from the side of the Government in relation with development of the production technology, he said.

During the initial seven months of the current year, Thailand shipped textile products worth US$ 4.98 billion, a year-on-year rise of 19 percent. Overall exports of the sector employing around one million workers stood at US$ 7.68 billion during 2010.

Following robust growth in Asian markets, the textile and garment exports for current year are likely to go up by 17 percent.

The Asian and the Asean markets are seen to take-over the European and the US markets by 2016, as the purchasing power of the two conventional buyers is expected to remain low owing to the financial crunch.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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