Pakistan has lost its textile export share in global market by 23 per cent from 2.2 per cent to 1.7 per cent raising questions on economic and trade policies of government functionaries, unfolds the latest presentation on restoration of viability and growth of textile industry prepared by the All Pakistan Textile Mills Association (APTMA).
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The global technical textile industry was estimated to be worth $142 billion in 2015 and is expected to reach $165 billion by 2019. The vast majority of technical textiles come from APAC, which accounts for a share of almost half of the global technical textiles market.
Nine textile laboratories in India will be upgraded to match Japanese quality and compliance standards to improve textile exports to Japan, says KS Muralidhara, Joint Director – Laboratories, Textile Committee, Government of India.
Exports from Bangladesh, particularly of garment items, will face further tariff competition in the US market if Donald Trump, the President-elect, implements his plan of border tax, one of his major campaign promises.
The garment industry of Combodia earns 80 per cent of Cambodia’s foreign exchange earnings and employs an estimated 350,000 people in more than 300 factories.
According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY 2015-16 over FY 2013-14.
The Textiles Minister Smriti Irani presented the AEPC Export Awards 2015-16 in 22 categories. The awards were divided into multiple categories and the key awards were given to Shahi Exports, Orient Craft, Gokaldas Exports, (Bangalore).