10th Textile Asia Int’l Garment and Machinery Exhibition 2013 commenced today at Karachi Expo Centre
More than 310 brands from 27 countries displayed
Federal Advisor on Textile, Dr. Mirza Ikhtiar Baig inaugurated the Exhibition
Karachi, March 8, 2013: The Int’l Textile & Garment Machinery Show begins today at Karachi Expo Center. The 3-day Mega Event is organized byEcommerce Gateway Pakistan.
The Int’l Textile & Garment Machinery Show is the only UFI (Paris) Approved Event of the industry in South Asia, which provides enormous opportunities of learning, information sharing, mutual cooperation and combined projects to all the stakeholders in the most apt sector of Textile in Asia.
The exhibition was inaugurated by Dr. Mirza Ikhtiar Baig, Federal Advisor on Textile, Ministry of Textile Industry. Foreign Delegates, Dr. Khursheed Nizam, President; Sohail Aziz, Executive Director, Mujib Siddiqui, GM Manager Marketing & Sales of Ecommerce Gateway were also present at the inauguration and ribbon cutting ceremony.
The Event provided an effective podium for joint ventures & collaborations among the local textile industry and international entrepreneurs where 210 Exhibitors from 27 countries displaying more than 310 brands. Presence of 115 foreign delegates marked for the event. Set up of 327 stalls at the Event covers a gross area of 7000 sqm. The exhibiting countries include: Austria, China, Czech Republic, France, Germany, India, Italy, Korea, Taiwan, Turkey, UK, USA etc.
10th Textile Asia 2013, the Int’l Textile & Garment Machinery Show is being organized with the support of Trade Development Authority of Pakistan (TDAP), Ministry of Textile Industry, Government of Sindh, City District Government Karachi (CDGK), China Texmatech Co., China Textile Machinery Association (CTMA), Textile Machinery Manufacture and Accessories Association (TEMSAD), Tuyap Fairs & Exhibitions Organization Inc. Turkey, All Pakistan Textile Mills Association (APTMA), Pakistan Cotton Fashion Apparel Manf. & Exp. Association (PCFA), All Pakistan Textile Processing Mills Association (APTMA), Pakistan Knitwear & Sweater Exporters Association (PAKSEA), Pakistan Readymade Garment Manufacturers & Exporters Association (PRGMEA), Pakistan Hosiery Manufacturing Association, Pakistan Bed wear Exporters Association, Pakistan Yarn Merchants Association, Towel Manufacturers Association of Pakistan, Pakistan Commercial Exporters of Towels Association, Korea Trade-Investment Promotion Agency (KOTRA), Pakistan Textile Journal and Jamal’s Yellow Pages.
Speech of the Chief Guest
Dr. Mirza Ikhtiar Baig, Advisor to PM on Textile, Ministry of Textile Industry
Government of Pakistan at Inauguration Ceremony of 10th Textile Asia 2013 Int’l Exhibition at Karachi Expo Centre – 8th March 2013
It is my privilege to be present at the Inauguration Ceremony of 10th Textile Asia 2013 Int’l Exhibition, the largest annual Textile and Garment Machinery Show of Textile Industry of Pakistan.
I am delighted to learn that 210 Exhibitors are participating in Textile Asia this year and more than 115 foreign delegates are attending the exhibition. I welcome the foreign delegates and encourage them to capitalize from the immense unexplored business opportunities Pakistan offers. 310 international Textile brands from 27 countries are being demonstrated at Textile Asia.
The Potential of our Textile Sector
Pakistan is transforming itself from being a stagnant economy to fast-paced emergent economy as a result of the structural reforms introduced by the present government in the areas of investment, business and trade in addition to covering social, political, judiciary and security.
The geographical location of Pakistan warrants unique proposition to make investments here. As Pakistan lies at crossroads to South Asia, Gulf and Central Asia, it gives direct market access to more than half a population of the world that lives here.
Investors enjoy full legal protection for their investment; have 100 per cent equity with no bar on transfer of dividends which is a proof that Pakistan has one of the most congenial business environments in the region. It is noteworthy that 500 to 600 foreign firms are operating in Pakistan.
ABOUT TEXTILE INDUSTRY OF PAKISTAN
The present Global Scenario of Textile Industry with particular reference to the position of Pakistan in the International Textile Market is given here for the interest of our readers. The demand for textiles in the world is around $18 trillion, which is likely to be increased by 6.5%. China is the leading Textile exporter of the world’s total exports of US$ 400 billion. Country wise major market shares of the textile exporting countries are: China: $ 55 billion, Hong Kong: $ 38 billion, Korea: $ 35 billion, Taiwan:$ 16 billion, Indonesia and Pakistan:$ 9 billion.
Government of Pakistan has allowed duty free and tax free import of textile machinery to encourage capital investment in textile sector.
Inspite of energy shortage, our textile exports increased constantly for the last 5 consecutive years, achieved export of US $14 Billion last year.
Ø Pakistan ranks 2nd highest exporter of cotton yarn, 3rd highest exporter of fabric, 4th largest producer and consumer of cotton in the world market with a share of world yarn trade of about 30% and cotton fabric about 8%.
Ø We have signed MOU with Monsanto for BT cotton to improve the yield per acre which is low and at 13th position in the world.
Ø We have large spinning capacity – with major part of European, Japanese & Chinese Machinery
Ø Ample availability of cheap labor
Ø Good markets for products
Ø Large domestic market
Ø Textile City project to be launched in Karachi on Port Qasim with most modern facilities
Ø Garment Cities in Karachi, Lahore and Faisalabad
Ø Industrial Park in Karachi
Ø Dedicated Special Economic Zones (SEZs)
• EU has allowed duty free excess for 65 Textile products for the year 2013 and in principally agreed to give Pakistan GSP Plus Status from January 2014, allowing duty free export of all textile products to EU.
• We have also entered second phase of FTA with China to allow duty free export of textile product as well.
• We have opened trade with India as a government policy to promote regional trade and witness a surge in export of Pakistani textile products to Indian market mainly yarn, loan fabric and home textile.
• Our textile & garment exports have reflected high growth of 25% in year 2011 in terms of quantity as well as value
• To accelerate the growth of textile sector and value addition, the Government has taken a number of proactive measures to bring newer technologies & brands in Pakistan. Textile Asia is one of those initiatives which is being held for the 9th consecutive year and it is a successful public-private partnership model
Textile sector is the backbone of our economy having 55% of our total exports and 38% job creation in the manufacturing sector and holds great importance as it significantly contributes to our exports and foreign exchange earnings. Keeping the said opportunities in view, modernization and up gradation of Textile sector is important to improve the quality of value added products Pakistan exports and to make the country better equipped for competing in the world. In addition, it would also help create jobs; alleviate poverty and assist the present government fight terrorism and extremism.
Our present government has identified textile as a key priority area and is making all possible efforts to set the right policies and incentives that encourages private sector investment in value addition and expansion in a bid to gain wider access to the international markets. We have fixed an ambitious target of US $ 25 Billion till 2014 in the new five years Textile Policy with 2 times value addition target.
Pakistan has also embarked on a wide-ranging initiative to increase to attract foreign investment in the textile sector. The new Textile Policy 2009-2014 announced by the government of Pakistan allows various incentives including concessional financing (LTF) to encourage capital investment in value added textile sector. The government of Pakistan has also withdrawn custom duty on import of plant and machinery by the manufacturing industries and working hard to get duty free market access for our textile products for EU and US markets. Our Textile Industry has invested US $ 6 Billion under BMR during 1999 to 2003 and with the present hefty profits, textile sector continues to do the capital investment in this sector.
Distinguished guests and delegates;
I would like to invite the participants in joint ventures to take advantage of investment friendly environment in Pakistan and exploit the untapped potential textile sector offers as we gear up for increasing our share of value added textile products in the world market. I also urge textile & garment sector to adapt new media marketing technologies to reach the potential markets of the world.
Last year, business of value 35 million US dollars was negotiated in Textile Asia and I am confident that it would be further enhanced this year.
I assure you that the government of Pakistan will leave no stone unturned to provide an environment that guarantees security of your investment in Pakistan.
In the end, I would like to appreciate the efforts of Dr. Khursheed Nizam, Mr. Mujib Siddiqui & the team of Ecommerce Gateway for organizing this successful event. Organization of such exhibitions not only plays an important role in furthering present government’s agenda to attract foreign investment and promote business but also highlights the corrective image of Pakistan as a reliable source of supplier of quality textile products at competitive rates.
I wish Textile Asia 2013 a great success and Foreign Delegates a pleasant stay in Pakistan.
Pakistan – Paindabad.