Home / Knowledge / News / Textiles / Value-added output of Chinese textile majors to grow

Value-added output of Chinese textile majors to grow

23
Jan '12
Leading textile firms in China are likely to see a growth of 8 percent in their production of value-added items over the next four years, according to the Ministry of Industry and Information Technology.

As per the development plan for the domestic textile industry published by the Ministry during the duration of the 12th Five Year Plan (2011-2015), textile industry exports are likely to grow at an annual rate of 7.5 percent to touch US$ 300 billion by 2015.

The plan also stated that the textile sector would hire around 20 million workers by 2015, while per unit power consumption for value-added items is likely to witness a 20 percent drop from 2010 figures.

The Government of China will persuade the textile industry to improve their brand-building and by 2015, it looks forward to set up around five to 10 global level textile firms and at least 50 firms earning annual revenues of over 10 billion Yuan.

Though positive on most of the fronts, the plan even cautions regarding the challenges confronting the country's textile industry, including that of fluctuations in prices of raw materials, increasing costs of production and a complex global business environment.

The guidelines stressed that the domestic textile industry should come out with innovative products and explore new markets so as to ensure healthy growth in the coming years.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...

Pic: GBG USA

Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search