Cotton Textile Industry: An Assessment

Economic Review, August 1998 | Go to article overview

Cotton Textile Industry: An Assessment


- an assessment

Cotton Textile and Clothing Industry is the most important Industrial Sub-Sector. It is based on abundantly available raw cotton. It continues to be the largest industry and still commands the strongest comparative advantages in resource utilization. It provides the largest employment to industrial labour force and is also the largest foreign exchange earner. Appreciating the importance of Textile Industry and its contribution to the economy the Government announced Textile Packages and then launched its Economic Revival Programme backed by radical reforms in Tax Regime-Incentives for exports, Trade Policy and Revival of Sick Mills, with the sole objective of accelerating the production and exports of Textile Products. The impact of the these measures had been healthy to some extent on the Textile Industry. These measures have been helpful in:-

* Rebuilding confidence amongst the entrepreneurs.

* Stabilization of the market forces and hence ensured supply of raw materials at feasible costs.

* Reducing conflict amongst competing sub-sectors.

* Reducing the cost of production to a certain level through monetary and fiscal reforms. The reduction of interest rate in markup by the commercial banks would be very beneficial.

* Quick disbursement of duty draw back rebates will ease the working capital.

As would be recalled the 1996-97 year was the hardest year in economic performance. it would be appreciated that Textile Industry having competitiveness in export market has respond ed to the above measure and have started to improve its performance during 1997-98 which otherwise would have been more on the negative side.

Cotton Spinning Sector

There are 503 Textile Mills (52-Composite Units, 419-Spinning Units and 32-Waste Spinning Units) with 8.70 million spindles and 148,580 Rotors installed including 6 units located in Azad Kashmir. About 6.58 million spindles and 82,717 Rotors have worked capacity utilization had been 75 per cent in Spindles and 56.0 per cent in Rotors (T.C.O. Report).

In the light of the above scenario the export performance of
different sub-sector is reviewed as under:

                                                            (% age)
                                1996-97       1997-98        Change

Raw Cotton
- Quantity (M. Kg.)              20.958        88.131        320.51
- Value (M. $.)                  30.749       125.412        307.86

Cotton Yarn
- Quantity (M. Kg.)             508.188       460.693         -9.35
- Value (M. $.)                1411.519      1159.293        -17.87

Cotton Cloth

- Quantity (M.Sq. Mtrs.)          1.257         1.254         -0.24
- Value (M. $.)                126.2389      123.4330         -2.22

Towels
- Quantity (M. Kg.)              40.949        43.658          6.62
- Value (M. $.)                 194.132       199.354          2.69

Tents/Canvas
- Quantity (M. Kg.)              13.924        18.101         30.00
- Value (M. $.)                  36.238        55.432         52.97

Cotton Bags/Sack
- Quantity (M. Kg.)               5.789         4.791        -17.24
- Value (M. $.)                  27.585        22.922        -16.90

Bedwear
- Quantity (M. Kg.)              71.803        79.870         11.23
- Value (M. $.)                 456.298       501.655          9.94

Other Made-Up
- Value (M. $.)                 208.664       244.468         17.16

Hosiery & Knitwear
- Quantity (M. Doz.)             27.719        29.330         -5.81
- Value (M. $.)                 688.874       687.271         -0.23

Ready Made Garments
- Quantity (M. Doz.)             29.494        26.643         -9.67
- Value (M. $.)                 736.363       739.901          0.48

Synthetic Fabrics
- Quantity (M. Doz.)              594.0         696.0         17.17
- Value (M. $.)                 512.175       607.200         18. … 

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