Textile sector registers over 20 percent growth in exports

Textile industry, right from basic to the value-added sectors, has registered over 20 percent growth in value terms during first quarter of the current fiscal 2010-11.
Especially, the value added textile sector has witnessed exponential growth, ranging in between 27 percent to 100 percent, but Chairman PRGMEA Ejaz Khokhar is of the view that this growth could be over and above the present levels provided the cost of raw material, liquidity and energy remained low during the quarter.
According to the data available with the Business Recorder, the art, silk and synthetic textile exports went up by 100 percent from $112, 149 to $224,339 in July -October 2009 and 2010 respectively. Other textile materials grew by 89 percent from $69,354 to $130,748 during the corresponding period.
Readymade garments went up by 38 percent from $391,334 in October 2009 to $541,660 in October 2010. It was followed by the made up articles registering growth 28 percent to $198,713 in October 2010 to $154,902 in October 2009. The cotton cloth registered 27 percent growth with $579,850 in October 2009 to $733,905 in October 2010.
Yarn other than cotton yarn went up 25 percent to $12,816 in October 2010 from $10,257 in October 2009. Knitwear exports also rose by 21 percent from $621,062 in October 2009 to $753,900 in October 2010. Bed wear exports escalated by 15 percent from 579,095 in October 2009 to $664,713 in October 2010. towel exports grew by 14 percent from $214,797 in October 2009 to $244,086 in October 2010.
The cotton yarn registered a growth of 8 percent from $493,790 in October 2009 to $531,864 in October 2010. However, cotton yarn registered negative growth of 11 percent to $62,519 in October 2010 from $70,599 in October 2009. Similarly, heavy consumption of tents, canvas and tarpaulin went down by 53 percent to $7,593 in October 2010 against $16,187 in October 2009. It may be noted that the textile circles are projecting $12.3 billion exports by the end of current fiscal against $10.6 billion during last fiscal year.