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 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Apparel/Garments | On 19th Jan 2017

Apparel brand Mango adapts website for Middle East region

Spanish apparel brand Mango has unveiled an adapted version of its...

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search