Textile
SECTOR BRIEF
- Pakistan is the 8th largest exporter of textile products in Asia.
- It is 4th largest producer and 3rd largest consumer of cotton.
- It comprises of 46% of the total manufacturing sector and provides employment to 40% of the total labor force.
- 5% of the total textile companies are listed on the stock exchange. There are 423 textile industries working in the country.
- Pakistan has supply base for almost all man-made and natural yarns and fabrics, including cotton, rayon and others. This abundance of raw material is a big advantage for Pakistan due to its beneficial impact on cost and operational lead time.
Highlights
- Ranked 3rd in the world in terms of the yarn production
- $8.5% Textile Contribution to GDP
- $1.2 trillion Global textiles apparel demand in 2017-18
Opportunities & Reasons to Invest
Policy Goals (2014-19)
- Exports of readymade garments increased 43% in value from $1.62 billion in 2011-12 to US $2.32 billion in 2016-17
- To double value-addition from $1 billion per million bales to $2 billion per million in next 5 years.
- To facilitate additional investment of $5 billion machinery and technology
- Textiles sector will be made domestically and internationally compliant with respect to labour and environment rules and conventions
- Adopt measures to increase ease of doing business and reduce cost of business
- Improve overall technological configuration of the sector, remove critical imbalances in the value chain and achieve compliance with international standards.
Key information
![asd](http://invest.gov.pk/sites/default/files/inline-images/greenfield.png)
Collaboration Opportunities
China is not only the biggest textile producer country, but also the biggest export country. Jiangsu YDTex Group, Ltd is a leading company that manufactures textiles with the collaboration of local cotton and textile industry of Pakistan and YDTEX group, huge economic profit can be obtained in this sector.
![ews](http://invest.gov.pk/sites/default/files/inline-images/brownfield.png)
Industrial Zones & Energy Projects
One of the challenges for the textiles industry has been power and energy, but with various power generation projects making up 70% of CPEC initiatives, it will enable the industry to produce to full capacity. With approximately $33 billion expected to be invested in energy sector projects, power generation assumes an important role in the CPEC project.