Home / Knowledge / News / Textiles / Exports of fabric fall by 10.69% in 10 months

Exports of fabric fall by 10.69% in 10 months

21
May '10
Exports from the value-added sector of the textile industry have been negatively affected, owing to the continuous overseas sales of cotton yarn, as exports of fabric has plummeted by 10.69 percent in the period, July-April, of the current fiscal.

As per Khurram Mukhtar, Chairman Pakistan Textile Exporters Association (PTEA) and Vice Chairman, Sohail Pasha, the fabric export segment is the key generator of foreign revenue, almost to the tune of over US $2 billion per year.

Fabric exports have fallen by $175 million, due to unrestricted yarn export. Comparing the figures, Mukhtar said that, fabric exports during July-April 2008-09 were $1641 million, whereas in the same period during 2009-10, fabric exports reduced to $1465 million.

Due to free cotton yarn exports from the country, exports of fabric in April 2010 had fallen by $550 million standing at $1619 million from $1624 million, registered in March 2010.

Emphasis was laid by PTEA on the 18 million labourers and wage earners who were most likely to turn unemployed, incase the value-added segment of the country was pushed towards closure.

When yarn is exported it fetches the country only $1 per kg, but when the same one kg of yarn is converted in to value-added textiles it brings in $8 in to the country. Therefore, what was the sense behind exporting only yarn, quizzed PTEA members to the government.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: JNCASR

Textiles | On 2nd Apr 2020

Indian researchers make coating to kill virus like COVID

A one-step curable anti-microbial coating, which when coated on...

Pic: Polygiene

Apparel/Garments | On 2nd Apr 2020

Polygiene launches ViralOff, a sanitiser for garments

Swedish odour control technology company Polygiene has launched...

Pic: PVH/ Calvin Klein

Apparel/Garments | On 2nd Apr 2020

PVH FY19 revenue grows 3% to $9.9 billion

PVH Corp, a US-based global apparel companies, has reported 3 per...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Nuno Venda, ROQ

Nuno Venda
ROQ

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

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


March 2020

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


Advanced Search