Pakistan has an edge over India in fine ladies fabric which could earn US$ 200-500 million per annum for the country post removal of trade barriers between the neighbours, according to an industry expert.
In view of the expected normalization of trade relations between the two countries, Mr. Gohar Ejaz, former official of All Pakistan Textile Mills Association (APTMA), asked textile industrialists in Pakistan to identify items that can be marketed to the newly emerged Indian middle class.
He urged entrepreneurs in the country to develop innovative high quality products that appeal to high spending upper middle class to establish a niche market for themselves in India.
Comparing the textile industries of both countries, Mr. Ejaz said Pakistan has an edge over India in cotton bed sheets and fine ladies fabric, whereas India has an upper hand in apparel segment.
Pakistan produces fine ladies lawn in hundreds of designs and colours, and hence this product alone could earn US$ 200-500 million per annum for the country post normalization of trade relations between the neighbours, he added.
He was hopeful that Pakistani cotton bed sheets would also find some consumers in India.
India has an upper middle class consumer base of 36 million, who earn in the range of US$ 10,000-50,000 per annum. In comparison, Pakistan's higher middle class has declined to less than two million at present.
Fibre2fashion News Desk - India
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