Home / Knowledge / News / Textiles / Yarn shortage may lead to missed targets
Yarn shortage may lead to missed targets
06
Apr '10
Following yarn shortage, increasing electricity and gas tariff and unscheduled load shedding, the textile export target of US $10.5 billion for 2009-10, is likely to be missed by $1.5 billion. As for apparels exports, the estimated target of $3.8 billion will touch only $3 billion, noting a loss of $0.8 billion.

Similarly other value-added sectors including fabrics, home textiles, towels and the like was targeted at $5.2 billion but will reach only $4.2 billion. Other raw materials associated with the cotton textile sector, had an estimated export target of $1.5 billion.

According to sources, shortage and high prices of yarn in the local market, clubbed with increase in electricity and gas prices, will make it difficult to reach the set target.

According to Chairman, Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association, Dr Shahzad Arshad, “Initially the overall export target was $22 billion, which was later reduced to $18 billion, to which; the textile sector contributes more than 60 percent.”

Since Pakistan missed the apparel export target for Christmas, Dr Arshad pointed that if steps were not taken to ensure availability of raw material, then the chances of a further shortfall, in meeting the apparel export target, was high.

Around all this, the value-added garments sector, including home made textile, towels, bedwear and fabrics was expecting orders of about $4 billion for spring 2010, as compared to orders of about $3 billion last year.

However, exporters have been unable to meet the expectations due to shortage of raw material and rampant increase in gas and electricity prices.

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Larry L Kinn
Suominen Corporation

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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