Home / Knowledge / News / Textiles / Drooping textile exports & squeezing margins concerns LCCI

Drooping textile exports & squeezing margins concerns LCCI

27
May '08
In the wake of declining textile exports, Lahore Chamber of Commerce and Industry (LCCI) have expressed concerns urging Pakistani Government to adopt both short term and long term methodologies for cutting back the cost of production.

In an exclusive interview with Fibre2fashion, Mr Mohammad Ali Mian, acting President of LCCI stated, “Textile is one of the most value-added and export-oriented sectors in Pakistan which accounts for more than 65 percent of total exports of the country. As many as 450 textile processing units are engaged in dyeing, bleaching, printing and processing of textile fabrics and therefore, considering the present degrading condition, the industry requires immediate attention of the Government.”

Mr Mohammad opined, “Even the slightest enhancement in the cost of production at this critical juncture would spell doom and oust exporters from the international export market. Besides, it would also deprive the exchequer of valuable foreign exchange of revenues worth billions of dollars and throwing thousands of wage earners out of job.”

Akbar Sheikh, Chairman of All Pakistan Textile Mills Association (APTMA) also shared a similar view and informed the LCCI President Mohammad Ali Mian that rising interest rates, wage increases and high cost of doing business is taking the textile industry towards impractical operations and any addition to input cost would squeeze the margin of the industry.

Sliding exports is already taking a toll on the economic growth of Pakistan which is likely to remain below the revised target of 6 percent for 2007-08 fiscal year, due to lower manufacturing growth and farm output.

A suggestion has been made by the Chamber according to which the Government must introduce business-friendly policies in the upcoming budget that will give a boost to domestic production and create a surplus of exportable goods.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Aug 2020

World textile & apparel trade dropped in 2019: WTO

The value of the world textile trade decreased by 2.4 per cent...

Pic: Amazon

E-commerce | On 6th Aug 2020

Amazon plans Sweden foray

Amazon recently started preparations for its launch in Sweden, a...

Pic: Adidas/ Reebok

Apparel/Garments | On 6th Aug 2020

Adidas posts Q2 FY20 sales of €3,579 mn

Adidas, a designer and manufacturer of shoes, clothing and...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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 2020

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


Advanced Search