Home / Knowledge / News / Textiles / Textile sector faces three major challenges - Expert
Textile sector faces three major challenges - Expert
19
Oct '09
According to experts from the textile sector, the industry in Hong Kong faces challenges on three major fronts. First, Hong Kong textile industry has been considered to be a traditional industry in the past; due to which, most enterprises have placed little emphasis on research and development, resulting in creation of a distance from the realities of the international market in development of textile fabrics and innovation of new varieties.

Second, the industry faces new challenges of changing operating environment (environmental regulations, labour law), developed countries have constituted protection network of international market through green barriers (friendly environment), the use of green flag has become a passport for textile products to enter international market, textile printing and dyeing enterprises have to invest more on environmental protection, meanwhile, the cost of labour is ever increasing in Mainland China, which also adds to their costs.

Third, exchange rate of Hong Kong dollar has been pegged to the US dollar, while majority of core materials of Hong Kong manufacturers has to rely on supplies from Japan, Taiwan, South Korea, Europe, the United States and other places, so they are vulnerable to fluctuations of exchange rate and supply shortages.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search