Home / Knowledge / News / Textiles / 'Textile sector not a sunset industry' – President, CNGA
'Textile sector not a sunset industry' – President, CNGA
13
Feb '09
Mr. Du Yuzhou, President, CNGA
Mr. Du Yuzhou, President, CNGA
The state council recently cleared the proposals for the revival plans for the textile and clothing sector of the country, among which contained a proposal for increasing the export tax rebate from 14 percent to 15 percent, which created a sense of euphoria amongst the exporting community of the industry.

Commenting on the plan, Mr. Du Yuzhou, President, China National Garment Association said, "The plan stresses the important role of the textile industry in the overall context of the economy and its international competitive advantage, reflecting that the textile industry is not a sunset industry."

Du Yuzhou added by saying, "Internationally competitive advantage of China's textile industry still remains very obvious. Over the past 8 years, price growth in textile exports has been maintained at 8 percent, realized from a 12 percent growth in labour productivity annually and also increased employment in the sector by 5.8 percent annually.

Du Yuzhou continued by saying, “The sector should take efforts to realize three main goals in the next three years, namely, exports should grow at an annual growth rate of 8 percent, textile industry should grow at an average of 13 percent and clothing consumption in domestic market should maintain an average rate of 20 percent.”

All this put together, he said, had the capacity to add and create two million new jobs, if these three objectives could be achieved. Incidentally, the head count of labour working in the textile and garment industry has increased from 337 million in 1978 to over 2,000 million at present, of which about 80 percent are from rural areas.


Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Giorgio Mantovani
Corman S.p.A

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
July 2017

July 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