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

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

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

Bani Batra

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

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:
June 2017

June 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