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Importance of textile industry in Pakistan
Importance of textile industry in Pakistan
Importance of textile industry in Pakistan
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Ch#3
Industrial analysis:
Pakistan is the 8th major exporter in Asia of textile products. This zone contributes 9.5% to the GDP and to about 15 million people gets employment. Pakistan is the 4th biggest producer of cotton, behind china and India has the third biggest spinning capacity in Asia and it contributes 5% of it to the international spinning capability. Cotton is the essential Cash crop of Pakistan. Textile products are one of the basic human requirements after foods.
For Pakistan which was one of the top cotton producers in the world, the growth of a textile Industry utilizing cotton rich resources has been a example towards industrialization. Textile products producing units are following:
• 1,221 ginning units
• 442 spinning units
• 124 large spinning units
• 425 small units.
The textile industry total export is approximately 10.2 billion US dollars. The textile industry contributes something like 9.5 % of the country’s GDP and foundation of Pakistan’s exporters comprising 52% of total exports and also represents the principle employment generating opportunity in the planned and big scale industrial segment.
In 2008-09 economic survey of Pakistan textile industry contributes more than 60% total exports in a country, which amounts is about 5.2 billion US dollars. According to the Economic Survey of Pakistan in 2012, according by the finance ministry, the textile industry itself constituted about 4% of the total size of the economy.
All Pakistan Textile Mills Association (APTMA) determines the rules and regulations in the Pakistan textile industry.APTMA is the premier national trade association of the textile spinning, weaving and composite mills.APTMA represents 391 textile mills out of which 309 are spinning, 4...
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Pakistan’s textile industry is facing one of the toughest periods in decades. The global recession which has hit very badly the global textile is not the only reason for decline. Serious internal problem like the hike in electricity tariff, the enlarge in interest rate, energy crisis, deflation of Pakistani rupee, increasing cost of inputs, political insecurity, removal of financial support & internal quarrel, high cost of production are the main reason of decline.
Works Cited http://www.fibre2fashion.com/news/textile-news/pakistan/newsdetails.aspx?news_id=161412 http://tribune.com.pk/story/522292/statistics-on-textile-industry-in-pakistan/ www.scribd.com/doc/24975694 http://www.paksearch.com/TOC_TextileComposite.html
http://economicpakistan.wordpress.com/2008/02/06/textile-industry/
http://www.rcci.org.pk/wp-content/uploads/2012/12/gtopti.pdf
...ustrial manufacture. Others created industries ancillary to ongoing textile industrialization, such as bobbin mills and foundries.
The used clothing industry is staying off the radar from the people who donated the clothes, and is building up a very strong international trade net. However, the used clothes trade also
They industrialized textile making by using machines and new power sources to accomplish a task formerly done by human and animal power. They began what has been called the Industrial Revolution. The huge increase in productivity made possible by using machines can be shown in the amount of raw cotton Britain imported in 1760 and 1850. In 1760 the British imported a bit over 1000 tons; in 1850 the number had risen to over 222,000 tons. The story behind the growth of the textile industry is one of a continual "catch-up" game between the spinners and weavers to respond to a growing market.
One of the first and most prominent of these changes was in the textile industry. The textile industry was the staple of the industrial revolution. Before the industrial revolution, the textile, or more specifically cotton, industry was performed at home. It happened in a few steps. First, cotton was farmed and harvested. Then, the in home process began. Workers called “spinners” would take the cotton and form it into strands. These strands were the ...
First of all, the Industrial Revolution has tremendously improved production and industrial growth. Before the Industrial Revolution, people would make textiles by hand in their own homes. Without any technology or machines it was very time consuming to spin thread to make cloth. An new invention was created called the water frame that created dozens of cotton threads in at one time (Stuckey 339). Researchers from the Mississippi Historical Society say in the 1800 the American cotton production was 156,000 bales and by 1860 it was more than 4,000,000 bales ("Cotton in a Global Economy: Mississippi (1800-1860)”).
Today, cotton is a multibillion dollar industry. Cotton has been, and still is, a major commodity throughout the world for the past hundreds of years. In the early eighteenth century, cotton revolutionized production and trade throughout the world. According to Sven Beckert, cotton began with being “grown in small batches and worked up by hearth” to an empire that “ruled over factories in which tens of thousands of workers operated huge spinning machines and noisy power looms”. As the cotton industry grew, there were many environmental conditions that contributed to the division of labor in setting up the system of production and manufacturing. With regards to globalization and industrialization, cotton had much to do with those ideas expanding
Analysis of sports clothing industry, including its main features, key market drivers and competition within industry.
The strengths of the book come from its’ accessibility. The book is easy to follow and provides readers with a great deal of information about the production of mass-manufactured clothing. As well as brings awareness to its’ many issues which we inadvertently take part in when we purchase such products. The book is well written and thoroughly researched but does have its’ share of weaknesses.
While the price of cotton textiles decreased by 90%, the output had grown to cover the demand at affordable prices. Now, cotton will be gotten from Brazil, Egypt, southern United Sates and all this meant a...
The textile manufacturing industry is one of the biggest industries in the world that is currently worth nearly three thousand trillion dollars. The industry is constantly growing with the wants from consumers around the world. In order to meet and satisfy these wants from customer, “Development in the textile and clothing industry has focused on technological and cost aspects. Emphasis has been placed on keeping the price of the final product low and increasing efficiency in production.” (Niinimaki & Hassi, 2010, p. 1876) At the same time, with this expansion of the textile manufacturing industry and its consumption, pollution, climate change, fossil fuel and raw material depletion, and water pollution and shortage are constantly occurring
India’s textile industry contributes about 14 per cent to industrial production; 4 per cent to the country’s gross domestic product (GDP); 17 per cent to its export earnings; and is a source of direct employment for over 35 million people, which makes it the second largest provider of employment after agriculture.
As soon as the shift to a free trade regime appeared along with the competition with countries such as China and Indonesia the quick collapse of Bangladesh’s textile industry has been predicted. However, the opposite occurred. We can highlight three major reasons to explain what happened:
The export sector within Bangladesh has grown to become an increasingly significant component of national trade, and has involved significant private sector investment over the last decade. The connection of production networks commonly involving small-scale producers, and traditional market and distribution systems, to supply raw materials for products meeting international standards, offers particular management and logistic challenges. Export has been improved markedly with strong external current account position and much larger capital and financial account inflows, leading to a rapid reserve buildup. The combination of a strong current account position and a large financial account surplus contributed to a sharp improvement in the overall Balance of Payment (BOP) position and a consequent rapid buildup of external foreign exchange reserves. Foreign exchange reserves of Bangladesh Bank (BB) crossed the US$ 18.00 billion in last year. The high level of reserves will also help maintain and further improve Bangladesh’s sovereign rating, which will help catalyze higher Foreign Direct Investment (FDI) in Bangladesh. The export sector earned US$ 27.00 billion in 2012-2013 with a target reaching US$ 30.5 billion in 2013-2014 fiscal year. During July-January 2013-2014, Bangladesh recorded US$ 7.18 billion in exports of woven garments, up 17.32 percent from the US$ 6.12 billion during the same period in last fiscal year. The knitwear export witnessed an export of US$ 7.00 billion in the July-January, 2013-14 periods, up 18.13 percent from the US$ 5.19 billion during the same period of last fiscal year. The knitwear export saw its income up by 9.00 percent and the woven garment export up by 3.00 percent, compared to the target that was...
The shift to a free trade regime in the textile industry was good for Bangladesh. Bangladesh prospered when other economies were not t doing so well. The textile industry greatly increased causing it to become a major reason as to why the economic has continued to increase. Increasingly bring in billions and billions from exports between 2006 to 2012 like the book mentions.
From 2005 the textile segment has been made up of 2 companies, transforming raw materials into fabrics, from spinning to finishing and ennobling. Handicraft product quality and technological research development characterize this business segment which works with internationally recognized names of the apparel and fashion industry.