Home / Knowledge / News / Textiles / 'Bolivian textile sector should work for economic growth'
'Bolivian textile sector should work for economic growth'
Jul '14
Mr. Linera speaking at Expotextile
Mr. Linera speaking at Expotextile
Bolivian Vice President Álvaro García Linera has urged the domestic textile sector to work for greater economic growth.
Inaugurating the first International Garment Fair (Expotextil), at Fexpocruz in the City of Santa Cruz, Mr. Linera said the Bolivian economy has grown rapidly, and the textile activity has also increased, but not at the same pace as other industries. So, I urge the textile sector to concentrate more and increase its contribution to the national economy, he added.
The Vice President said that Bolivian textile production was valued at 2.2 million bolivianos in 2005, which increased to 3.776 million bolivianos in 2013, but the increase in not enough.
Although, there has been growth in textile production in absolute terms, the share of textiles in the country’s total output dropped from 1 percent in 2005 to 0.7 percent today, he said.
Mr. Linera said Bolivia has a stable economy and it is growing faster than the economies of other countries in South America, and added that it is necessary that small and medium producers take benefit of the credit facility with 11 percent interest rate to increase their production and exports.
He advised apparel producers to produce according to market requirements and also improve the quality of their garments. He said that people are now looking for special designs and quality clothing.
The Vice President also said that the Government is ready to provide support, information, training in technical procedures, etc. to develop clothing for exports.
According to Mr. Linera, the sixties were the golden years of Bolivian textile industry, but then the performance of the industry declined thereafter due to growth in imports and reduction in production by small and medium textile enterprises. However, the textile sector has potential to export higher quantities of goods.
From January to May 2014, Bolivia already exported textiles worth US$ 24 million, and the country can achieve export target of $60-65 million for the current year, the Vice President said.
More than 150 textile companies are exhibiting their products in Expotextil Bolivia, which will go on till July 27, 2014.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manfred Mentges
Sedo Treepoint GmbH

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search