Pakistan Textile Industry Has No Competitive Advantage.

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After the urgent appeal, the Pakistan government announced in April 2010 that it would provide support investment for the renewal of textile machinery, and the lending rate for textile machinery banks was 5%.

Pakistan

Pakistan regrets that India and Bangladesh are rapidly losing their technological advantages. India and Bangladesh continue to invest heavily in upgrading their textile technology. Since 2008, the investment in textile technology in Pakistan has been elusive.

On Monday, textile entrepreneurs from different industries held a meeting to point out that although India, Bangladesh and China have performed well over the past six years, their government has been promoting various sectors of the textile industry through various incentives to upgrade their textile technology, including preferential tax incentives and preferential investment interest.

After the urgent call for the textile industry, the Pakistan government did announce its renewal in April 2010.

Provide support investment, textile machinery lending bank interest rate is 5%.

But the policy announced by the Ministry of textiles has not been implemented.

Gohar Ejaz, former chairman of the all Pakistan textile mill Association, said that when the loan interest rate was low and the factory was not short of electricity, according to the international textile machinery alliance data, Pakistan imported about 1000000 spindles in 2005.

In the same year, China imported 7 million 100 thousand spindles, 1 million 400 thousand spindles in India and 540 thousand spindles in Bangladesh.

In 2006, China imported 6 million 700 thousand spindles, India imported 2 million 800 thousand spindles, Pakistan imported 670 thousand spindles, and Bangladesh imported 430 thousand spindles.

In 2007, Pakistan did not import, while China, India and Bangladesh imported 6 million, 3 million 740 thousand and 600 thousand spindles respectively.

In 2008, 2009, 2010 and 2011, China, India and Bangladesh continued to invest in the spindle industry, and Turkey and Indonesia also became new investors in spindles.

Weaving industry was once regarded as the most dynamic export department in Pakistan, but the rate of opening is only 60%.

From 2005 to 2007, the number of shuttleless looms imported from Pakistan was much lower than that of China, India and Bangladesh.

But in the past four years, there was no import at all.

According to the import data of textile machinery released by ITMF in 2011, non cotton producing countries, such as Bangladesh, Indonesia and Turkey, are catching up with Pakistan rapidly in terms of weaving capacity.

Relative to regional competitors, Pakistan is losing its technological advantage, and competitors are rapidly investing in hi-tech electronic flat knitting machines.

In 2011, China increased by 54800 electronic flat knitting machines, Bangladesh increased by 4475, Hongkong increased by 2930, Turkey increased by 2150, and Italy increased by 1120.

According to ITMF data, sales of electronic flat knitting machines increased by 37% in 2011, while sales to Pakistan were zero.