Home / Knowledge / News / Textiles / Yarn manufacturers face challenging times
Yarn manufacturers face challenging times
21
May '08
Textile industry of Pakistan is in a dilemma whether to focus on domestic market whose yarn and fabric consumption is stagnant, or to give attention to the international market which is undoubtedly a slow and gradual process.

Although yarn consumption and imports in countries like India, Bangladesh and China has increased due to various reasons, their respective textile industries are putting up stiff competition for Pakistan in terms of price and production and in a bid to survive this battle, global yarn prices would remain low for a while.

Presently, supply over demand of Polyfilament yarn is increasing, by 20 to 22 percent mainly due to China which is flooding global market with its price-competitive yarns.

In an exclusive interview with Fibre2fashion, Mr Shahabuddin, member of Pakistan Yarn Merchants Association stated, “In a situation so grave as this, textile manufacturers in Pakistan must face the challenge by making their products qualitatively better by cutting costs and producing specialty yarns. Government on its part must also lend its support by providing incentives and rebate and organizing trade fair for promoting local products.”

Mr Shahabuddin also acknowledged the fact that India itself is the biggest manufacturing market for fine fabrics and nearly 95 percent of Pakistan's requirement comes from India via Dubai.

It is therefore very difficult for local producers to compete with India on this particular product. However, Mr Shahabuddin strongly believed that trade relations between the two countries could be significantly improved by removing trade barriers which hampers exchange of goods and services.

Experts have recommended that unless the Government of Pakistan encourages small power looms by giving them incentives, improved manufacturing unit cannot be established. Besides, the cottage industry should also be developed and organized so that domestic yarn consumption could be increased.

Fibre2fashion New Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sanjukta Dutta
Sanjukta's Studio

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

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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

Yes No

Active Poll

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

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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

Yes No

Active Poll

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

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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

Active Poll

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

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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