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

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

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

Prathyusha Garimella
Prathyusha Garimella

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

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...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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