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Elections to rescue of textile & clothing sector

02
Jan '10
In face of the troubled times facing the Cebu textile and clothing sector, which is a hub for textile and garment manufacturing in the country, the industry has found a succor in the upcoming parliamentary polls in the country.

The elections which are scheduled in May 2010 have opened an avenue for the sector to beat the recessionary trends which were troubling the sector since the last 14 months. A few of these manufacturers have started receiving orders from the last quarter of 2009.

Most of these orders from the political parties include election paraphernalia like t-shirts, jackets, caps and other related materials. These orders have come to the rescue of more so the domestic clothing sector.

On the lines of Chinese exporting companies, garment exporters too have started re-directing their energies towards the domestic markets, in a bid to overcome the impact of the slowdown in their overseas markets.

These exporters are also looking towards enactment of the “Save our Industries” Act in the US, which is its biggest buyer and which will help revive the textile industry in the US and send its products for value-addition to the Philippines.

The Chairman of the House Committee on Economic Affairs, Mr Ramon Durano recently said that his government would provide a host of incentives to US textile manufacturers who directed these products to Philippines for value-addition.

Fibre2fashion News Desk - India


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