Home / Knowledge / News / Textiles / Govt negligence may lead textile sector to doom
Govt negligence may lead textile sector to doom
27
Feb '08
The textile industry of South Africa is striving for every single breath for survival. Plagued by increasing cost of inputs, weaker rand and massive job losses, the sector is nearly paralyzed to the extent that it might have to undergo termination.

Prices of essential inputs have risen by as much as 68 percent and mainly due to higher oil prices. Cotton and viscose fibre have risen by 35 and 63 percent respectively. On the other hand, packaging material went up by 22 percent while freight costs higher by 12-34 percent compared to the last eight.

Textile industry of South Africa which is recognized as the key job-creating sector employing over 44,000 workers, is already running a loss of 10 percent in employment this year. To add to the already devastating situation, the domestic market has been flooded by cheap imports from China.

In fact, even after levying a quota limit on China there has been no improvement in the condition of the industry since retailers have resorted to import from other countries.

Additionally, in a bid to preserve their own margins retailers have been piling pressure on manufacturers to absorb the increasing costs, but this is a practically impossible realization.

The Government, which until now stood indifferent to the concerning situation, has been called in for intervention and assistance. Unless concrete measures are taken to curb these negative factors, textile industry is unlikely to recuperate from the upshots of economic instability.

Must ReadView All

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Interviews View All

Mandeep Nagi
Shades of India

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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