Home / Knowledge / News / Textiles / Textile sector investments witness constant decline
Textile sector investments witness constant decline
25
Jan '11
Asia contributes over 90 percent of the total global investment in textile machinery with India, China and Bangladesh being the main players. But then, it seems that owing to the factors like power crisis and higher interest charges Pakistan is lacking behind.

As it follows from the recent textile machinery export's data, Asia accounted for 97 percent of the world's total spindle sales in 2009, with China importing 5.04 million spindles constituting 70 percent of the same. Similarly, India imported 1.37 million spindles representing 19 percent of the overall sales. While Vietnam and Bangladesh too imported 111,000 and 108,000 spindles and stood out to be the third and fourth largest importers of spindles, globally.

In 2006, next to China and India, each importing 6.7 million and 2.8 million spindles, Pakistan with a roaring economy imported 670,000 spindles to be positioned as the third largest importer.

However, since 2005 when the Pakistani textile sector attracted highest investments, a fall has been witnessed in these investments and that is the reason why the country is losing its competitiveness in textiles.

Dearth of gas and electricity are the main impediments blocking the way of the investments in textile sector. Besides, excessively high interest rates too have held up the investments.

Further, around 96 of the total global export of the new shuttle-less looms in 2009 was towards Asia. Whereas China by importing 25,600 units representing 59 percent of the overall exports emerged as the biggest importer and Bangladesh followed with a 19 percent share by importing 8,400 looms.

In 2006 Pakistan imported 2,400 shuttle-less looms and stood to be the fourth largest importer of the same next to China, India and Bangladesh, but then the country's weaving sector failed to attract any investments during 2009.

Over the last five years, Bangladesh has surpassed Pakistan as far as the textile sector investments are concerned, as after 2006 no significant investment has been made in the sector in Pakistan.

Also in 2009, Asia accounted for 85 of the global investments in circular knitting machines, with China adding 17,600 machines, followed by Mauritius with 2,300 units, Bangladesh with 840, India with 570 and Brazil and Korean Republic each adding 540 and 360 units respectively. While over the last five years Pakistan has not made any investment in knitting machines.

Fibre2fashion News Desk - India


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Nuno Venda
ROQ

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

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 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
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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
27.9%
Skip
10.3%

Total Votes: 68

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
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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