Home / Knowledge / News / Textiles / UK govt to back textile industry revival scheme
UK govt to back textile industry revival scheme
03
Nov '12
The UK Government has stepped forward to back an industry-led scheme aimed at reviving the textile manufacturing industry in the country through generation of around 200,000 new job opportunities over the next five years.
 
As retailer’s wish to restrict their expanded supply chains by relocating some of their production bases from Asia to UK, the UK Government would back a plan seeking establishment of clothing manufacturing plants in the UK.
 
The move has been inspired by the research findings of Trigon Diligence, a consultancy, which shows that it is more economical to have production bases for some of the “high fashion” apparels like pricey jeans or shirts, within the UK, rather than in China or other Asian countries like India or Bangladesh.
 
This is because after ordering goods from Asian suppliers at high price, by the time they are delivered, the importers find that the same can only be sold at discounted rates in domestic market as the fashion trend has changed.
 
On the other hand, it has become feasible to get pants manufactured within UK, as UK producers have proved that they can adapt to the changes in designs much quickly and also because there has been a considerable rise in labour and transportation costs in Asia.
 
Although the Government’s move seems to be a right step, it is expected to contribute only a small sum to back the scheme, actual implementation of which would necessitate investment of millions of pounds over the next few years.
 
Experts believe the scheme could put the UK’s textile manufacturing, which has been witnessing downtrend for many years, back on track and generate large-scale employment, while benefiting the economy as a whole. 
 
However, success of the scheme calls for a big change in the attitude of the retailers, who now hardly pay any heed to UK-sourcing.
 
Last year, the UK textile industry made £8.1 billion in sales, with most of it coming from high-value items for exports, while the industry’s clothing imports, mainly from Asia, were valued at £17 billion.
 
Trigon Diligence, which surveyed three textile products, namely T-shirts costing £5, tailored shirts costing £75 and jeans priced at £30, concluded that owing to low production costs in Asia, UK retailers buy the three items at much lower costs, which ensures them high profit margins.
 
However, the rapidly changing fashion trends are forcing retailers to sell many of their products at discounted rates, as they order in bulk, but fail to sell the entire lot due to fashion changes.
 
 


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kerem Durdag
Biovation II LLC

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

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search