Pak fabric, garment exporters gear up to fetch $6-6.5-bn revenue
30 Aug '06
3 min read
But this season, the government has overlooked spinners while proposing a concession package of Rs25 billion for the knitwear, garment and fabric exporters.The performance of textile sector in 2006-07 will depend by and large on the spinners' relation with the ginners while buying cotton and then disposal of yarn that can keep the domestic value-added sector starved if some improvement is noted in international yarn prices.
In 2005-06 the textile exporters earned an overall $10 billion against a projected export earning of $10.62 billion showing a drop of about 5 per cent.
A big drop of more than 49pc has been noted in export of raw cotton which is hailed by the spinners, weavers and value-added sector.
“The ideal situation would be total consumption of 15 million bales of cotton by spinners and utilization of yarn by weavers and towel manufacturers,” a leading garment exporter said.
In 2005-06 yarn export fetched $1.46 billion against projected $1.28 billion mainly because of increase in volume as per unit value came down.
Fabrics export was expected to realise $2.49 billion against which $2.19 billion were fetched. This was despite a small increase in the average unit prices of fabrics.
Export of garments dragged behind by 6pc of the target as these could earn hardly $3 billion against $3.25 billion target. This was mainly because of more than 10pc decline in knitwear export which fetched $1.7bn against $1.93bn.
marketing@alchempro.com
