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Cotton production decline in 2007
11
Jan '08
Textile sector is a backbone of our country, contributing 60 percent of our export, 46 percent of total manufacturing and 38 percent to employment.

So textile is an important sector of the country economy and Pakistan should focus on optimal utilization of its strength since it comprises 60 percent of the country exports.

The availability of cheap labor and basic cotton as raw material for textile industry has played the principal role in the growth of the cotton textile industry in Pakistan.

Cotton production at 11 million bales in 2007 as compared to 13.02 million bales of last year a decline of 2.02 million bales.

The performance of textile industry during the last 5 years have been satisfactory but in the current year increase in cotton prices.

Weather problem and high financial charges threat textile industry. Increase in competition from the neighbor countries can create challenges for the textile industry.

The current scenario possess challenges firstly to its globally positioning and secondly to increase market share by both increase in volume as well as increase in unit values.

The unit value can only be increase to produce value added quality. The value addition require up gradation in resource development both in manufacturing and marketing.

The focus should be on R&D development, technical innovation and product development with the goal of moving up in the global textile value chain.

Textile production is comprised of cotton ginning, cotton yarn, cotton fabric, fabric processing, home textile, towels, hosiery & Knit wear and readymade garments.

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Pakistan Yarn Merchants Association

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