Home / Knowledge / News / Textiles / 'Bolivian textile sector should work for economic growth'
'Bolivian textile sector should work for economic growth'
26
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

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Steve Cole
Xerium Technologies

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

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X