Home / Knowledge / News / Textiles / Ministry of Finance firm on saving textile industry
Ministry of Finance firm on saving textile industry
15
Nov '10
Zimbabwe's Ministry of Finance is firm on safeguarding its textile and clothing industry, which is confronted with major threats of low-cost imports from China. The Ministry, which recently convened country wide consultative meetings as a part of its budget 2011's agenda, voiced its apprehension regarding the industry's distressing situation.

The producers and retailers have urged the Government to impose a ban on imports of low-cost Chinese products with immediate effect. The cross border traders are requesting the government to slash the taxes to help them withstand the aggressive competition in the industry.

The already established retailers too are now complaining that, import of low-cost Chinese products, widely known as zhing zhongs, is greatly harming the domestic industry, and is thus detrimental to their interest.

Conversely, the cross border traders from Mutare are upset with Zimbabwe's police and immigration authorities who are troubling them, as they try to bring in the cheap second hand bales of clothing in the country. Presently, the border authorities are seizing all the goods that are illegally smuggled into the country.

Further, the consultative meetings, that the Finance Ministry is conducting, are likely to help in collecting input for 2011 budget and, it accepted that the sector is seeking the government's intervention in safeguarding the industry.

An industry expert here voiced his concerns over the inactiveness of the authorities, who continue to be mere spectators, as China is dumping its low-cost products in the country. Such cheap imports of inferior Chinese products have adversely affected the growth and feasibility of the country's clothing industry, he added.

He also stated that, if the industry is properly safeguarded it has the competence to develop into a major force enabling the country's economic growth, and also to considerably bring down the unemployment level in the country. There is a plan to check the illegal importation of low-cost inferior products in the country. But, only that the plan is still in its initial stages.

Fibre2fashion News Desk-India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

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...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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