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PTEA seeks prompt govt intervention for textile industry
12
Aug '15
Pakistan Textile Exporters Association (PTEA) has sought the government's immediate intervention to boost the textile industry which it says has lost its viability against the regional competitors, the Pakistani media has reported.

Sohail Pasha, chairman and Rizwan Riaz Saigal, vice chairman of PTEA said that due to inefficient and unfriendly socio-economic environment, the cost of doing business in Pakistan has escalated enormously. Intermittent rise in the prices of raw materials and production inputs has rendered Pakistani exports uncompetitive in international market, they said.

The PTEA brass said rival countries have been increasing their presence in Pakistan's traditional markets for textiles. The textile industry, particularly in Punjab has been in the grip of unprecedented crisis for many years and is struggling hard for its survival. Energy constraints have halted the industrial wheel and high production cost has disrupted the competitive edge of textile exports in international market. On the other hand, regional rivals backed by their governments, have accelerated export growth and have increased their market share in global textile trade.

Quoting the growth rate, Pasha said that from 2008 to 2013, Bangladesh achieved 160 per cent growth in textile exports. Similarly, China gained 97 per cent and India 94 per cent while Pakistan's textile export growth remained static at 22 per cent in the same period.

With its high growth, Bangladesh has increased its share in global textile trade from 1.09 per cent in 2006 to 3.30 per cent in 2013. Similarly, India increased its share from 3.4 per cent to 4.70 per cent, China from 27 per cent to 37 per cent while Pakistan has dropped from 2.20 per cent to 1.80 per cent. Terming energy shortage a major hurdle in export growth, the PTEA chairman said that textile industry particularly in Punjab, faced 27 per cent gas load shedding in 2010. The figure has since spiraled to 70 per cent in 2014.

Similarly, the textile industry suffered 37 days average power load shedding in 2011 and the figure rose to 122 in 2014.

In contrast, Pakistan's competitors made heavy investment made in terms of machinery mainly due to conducive policies. During 2008-13, China added 35.29 million spindles, while India added 14.20 million and Bangladesh added 1.98 million spindles in textile sector. In Pakistan, only 1.02 million spindles were added during the same period. (SH)

Fibre2Fashion News Desk – India

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