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Pakistan textile sector set to emerge from Indian shadow
03
Jan '14
The growth of Pakistan’s apparel market in the year 2013 has taken most experts by surprise, and the country’s textile industry is now placed second in the seven country south Asian region. It is also set to emerge out of the shadows of its bigger neighbor, India.
 
With the growing glamour scene, Pakistan is quickly emerging as the top fashion destination in the sub-continent and is the 8th largest exporter of textile products in Asia. However, the scope for improvement in 2014 is huge with its share in the global textile trade being less than 1 per cent. 
 
The biggest problem that is hurting the growth of Pakistan’s textile industry at the moment is the economic and political instability, the depreciating rupee and rising levels of inflation. However, being a leading cotton producer, Pakistan is looking to develop its textile industry and move towards large scale industrialization.
 
Identified as one of the Next Eleven (known also by the numeronym N-11) countries, Pakistan is all set to emerge out of the shadows of its bigger neighbor, India, and dominate the region. The country would be banking on its large young working population in 2014 to push its consumer spending and develop its apparel market further.
 
In conclusion, Pakistan is still way behind countries like China & India in terms of the scale of its apparel industry but opportunities do exist, going forward in 2014, for those who are prepared to put an effort and exploit them. 
 

Fibre2fashion News Desk - India


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