Government has failed to control rising production cost, and the industry has failed to perform in accordance with its potential, they said.
High interest rates, inflationary pressure, devaluation, increasing logistics costs and increasing utility rates have been the main hurdles in achieving growth of the industry, said industrial circles.
The textile sector has invested over $5 billion in last five years with capacity for further $5 billion investment said industry experts.
Spinning sector was able to attract an investment of 46 percent of total investment, followed by 24 percent in weaving, 12 percent in textile processing, 5 percent in knitwear and garments, 8 percent in made-ups and 5 percent in synthetic textile.
marketing@alchempro.com
