Thoughts on the development of textile industry

January 25, 2024 at 11:18 AM EST

A leading Chinese manufacturer specializing in textile auxiliary materials and silicone products has partnered with local agents to provide vital technical support to address key challenges facing the textile printing and dyeing industry, ultimately enhancing its competitiveness on the global stage.

”The textile industry is the backbone of Pakistan’s economy, but faces serious challenges including energy shortages and cotton yarn shortages. Many local textile mills are shifting to higher proportions of polyester fabrics, and Chinese man-made fiber suppliers can provide ideal supplies for these growing textile categories. raw materials,” explained Xing Pingping, overseas sales manager of Ningbo Runhe High-tech Materials Co., Ltd.

Faisalabad is the center of the textile industry, with about 300 dyeing factories. It was in this city of Ningbo that Ronghe and his Pakistani agent FairChem International held a textile seminar. More than 150 local industry professionals attended the event to discuss opportunities for growth and innovation.

In FY 2022, Pakistan’s textile exports reached US$19.32 billion, growing by 25.3% year-on-year, accounting for nearly 61% of the country’s total merchandise exports. However, issues such as cotton shortages and declining profitability in certain fabric categories have impacted the industry’s global competitiveness.

Xing emphasized that digital textile printing has huge growth potential for the industry given the ongoing energy shortage in China. Digital textile printing makes it possible to create high-definition designs with less resource use and environmental impact.

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The rupee continues to strengthen against the US dollar in the interbank and open markets. Fitch says Pakistan will need IMF in coming years. Decided to leave the issue of privatization of PIA to the discretion of the democratically elected government. The records have been digitized, the inauguration ceremony will take place today, Yunus Dargah

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Thoughts on the development of textile industry

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