PR Resource – Muarateweh.net

The Textile Machinery Manufacturing Industry report provides in-depth analysis of the industry’s key financial data, cost and pricing, competitive landscape, industry structure, and trends and opportunities.

Find in this new report complete 2007 data and outlook into year 2012 for the industry represented by the 6-digit NAICS code 333292. This 158-page report also includes the most recent information on the global market and overseas growth opportunities. This detailed information resource contains at least 5 years of independently researched industry statistics cross-referenced with the relevant U.S. and international economic indicators. All data have been verified to ensure the highest quality.
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Trade promotion strategy of the country has not kept pace with the changing global and local environment which has impeded the ability of exporters to fully exploit potential markets.

Economic experts regret that the previous government ignored the swelling imports simply because it could manage the trade deficit by selling the ‘family silver’ to foreign investors. What surprises them more is that the present regime has also not taken any step to put a brake on excessive imports. They say if the trade gap in July, the first month of this fiscal year, is an indicator then the deficit might cross $25 billion this year.

Faisal Qamar, a chartered accountant, commenting on the issue says the economy will completely slip out of government’s hands if some drastic measures are not taken immediately to reduce imports and accelerate exports. In recent years, he says, the Trade Development Authority of Pakistan and to a lesser extent the Engineering Development Board have been trying to promote exports through participation in international trade exhibitions. On the other hand, he adds, the Ministry of Commerce and the Ministry of Textiles have been striving to resolve the issue of high cost of doing business in the country keeping in view the facilities provided by competing economies for their exporters. (continue reading…)

Every day we hear about problems faced by the textile industry in Pakistan, with high cost and low prices offered by buyers.

I have been working as a buyer in a sport apparel company in New Jersey for three years and before that I was an assistant buyer for a home textile importer for almost two years. I have worked with many companies from various countries.

My experience with Pakistan’s businessmen is that many are not good salesmen (exceptions are there). They don��€™t know how to get better prices for their product. We buy huge quantities of apparel from Nepal, India, Sri Lanka and Bangladesh but their salesmen are tough negotiators as compared to Pakistanâ€�¢s.

If I tell a Pakistani salesman that I am getting X prices from his competitor in Pakistan, then this gentleman will immediately reduce his prices by five to Ǫ per cent, without even giving second thoughts. In fact I was just bluffing and the salesperson falls into my trap. (continue reading…)

Following the verdict of Union Government to scrap 14 percent duty on import of cotton, prices of the raw material in the domestic market are showing all the likelihood of a climb down. Evidently, the real motive behind this step taken was to ensure that the garment and textile industry which was until now reeling under the pressure of high prices, is benefited.

In an exclusive interview with Fibre2fashion, Mr Rahul Mehta, President of Clothing Manufacturers Association of India and Vice President of Asian Apparel Federation opined, “I think this is a very positive step taken in the right direction. Exports from India are primarily cotton-centric, and in the last few months, apart from inflation in general the sky-rocketing prices of cotton was killing the industry. This measure announced by the government will go a long way in calming down the prevailing havoc, and will certainly make our garments more competitive in the global market.â���
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BEIJING — China’s textile and garment exports in February dropped 32.9 percent from the previous month, largely due to weakening U.S. and European demand and the severe winter storms, customs authorities said.

Exports reached 10.3 billion U.S. dollars last month, down 8.5 percent from a year earlier, according the General Administration of Customs.

Exports in January and February were 25ǒ billion U.S. dollars, up only 9.6 percent from a year earlier, compared with an increase of about 20 percent for that period in previous years.

China exported 171.2 billion U.S. dollars worth of textile and garment products in 2007, up 18.9 percent from the previous year.
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China’s industrial output increased by 15.4 percent in the first two months of this year, the National Bureau of Statistics (NBS) announced on Thursday.

That was moderately lower, by 2 percentage points, than the figure for December.

Fan Jianping, forecasting department chief of the State Information Center, has attributed the slower pace to the seven-day break during the Spring Festival and the severe snowstorms, which cut power supply, disrupted transportation and halted production in southern China.

The slowdown also reflected the weakening of exports due to slack U.S. demand, a key market for China, Fan said.

However, the slower growth does not reflect the future development trend as the snow and festival factors fade away, Fan added.
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The specialists of the textile industry have advised the coming government to ensure an enabling environment for the sector that has shown remarkable resilience by staying afloat under the most adverse circumstances after 9/11.

They say the inherent strength of the textile industry can be judged from the fact that over 80 per cent of its market is outside Pakistan. If India produces 23 million cotton bales a year, it consumes half of that locally, spares four to five million bales for export and the rest is used for producing different products for export.

Pakistan, on the other hand, produces 11 to 12 million bales, imports another four to five million bales and exports 80 per cent of them in shape of various textile products.
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