Polyester And Short 6% Import Tariffs Destroy Pakistan'S Textile Industry

(APTMA) said that 6% of the import tariffs on polyester staple fiber (PSF) had been destroyed by the textile industry, because incidental expenses were added to import tariffs, making the industry less competitive.

APTMA chairman SM tanvee said that regional competitors offer tax rebates in addition to offering discounts to the textile industry.

Therefore, textiles exported from Pakistan have been 18% more expensive than competitors in other regions. This is due to the high price of polyester fibers in China, for example, in China, the FOB price of PSF is 70.1 yuan per kilogram ($1.13 / kg).

In Pakistan, 137 rupees per kilogram.

(1.34 US dollars / kg), this difference has further aggravated business.

。

He further stressed that the world relies on polyester about 70%, while in the world

It's only 19% now.

This situation makes it difficult for local industry to base itself on the world market.

Tanvee said, unlike India, China, Bangladesh and other competitors, the Pakistan industry has no tax rebates, so imports of PSF yarns have also begun to enter the Pakistan market, so far, over the first ten months of this fiscal year, more than 38 thousand tons of rayon yarn has been imported from the Far East and India.

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A comprehensive survey of India's textile and garment industry can be divided into yarn and fiber (including natural and man-made), processing fabrics (including wool, silk, jute textiles, cotton textiles and technical textiles), ReadymadeGarments (RMGs) and clothing.

As the second largest fiber producer in the world, India, the main production type is cotton, and produces all kinds of fabrics with up to 23 different varieties of cotton. Others include silk, linen, wool and man-made fibers. The multi production makes India's fiber products occupy an important position in the world. With abundant labor force, it also makes the locals the world's purchasing center. It is estimated that the market of textiles and garments in India will reach 221 billion US dollars in 2020.

In recent years, the most significant change in India's textile industry is the emergence of MMF. India has successfully sold innovative man-made fiber textiles to the world. In 2013, the annual output of man-made fibres and cotton yarn in India increased by 6%, the annual output of non cotton yarn increased by 5%, and the annual output of the clothing and accessories industry increased by 2%.

Under the official support of India and the India Garment Export Promotion Council (AEPC), from 2014 to 2016, the export of garments in India is expected to reach US $60 billion.

In fact, India is the third largest cotton producer in the world after Mainland China and the United States. It is also the largest jute producing country and the second largest producer of raw silk in the world.

India's textile related products, including Handlooms, account for 61% of the world's total output.

Textile exports accounted for 30% of India's total exports in 2013 and 27% of total foreign exchange through textile exports. It is estimated that this year (2015) will have a target of 220 billion US dollars.

Therefore, the growth and development of this industry directly affect the economic lifeline of India.

In India, the demand for clothing has increased due to economic growth and rising people's income. At present, the government has allowed foreign direct investment in the textile industry one hundred percent. From April 2000 to February 2013, foreign direct investment (FDI) amounted to US $1 billion 220 million. The global apparel factories including HugoBoss, LizClaiborne, Diesel and Kanz have all set up factories in India.

The global retail apparel giant has outsourced production to India, and the industry has also increased its value chain. In the next ten years, Africa and Latin America will be the main market for India textiles.