16% decline in bedwear exports
The exporters hold the Government policies responsible the decline in bedwear
exports during the first two months of the 2007 fiscal year.
According to official figures, the export of bedwear has dropped by 16% or
$55.958 million during the first two months (July-August) of the 2007 fiscal
year. It stood at $303.123 million as compared to $359.081 million during the
same period of 2006 fiscal year. This regression in the export of bedwear
products is obviously linked to high cost of production.
They pointed out that other regional countries, including India, Sri Lanka and
Bangladesh, had geared up to capture the world markets with their enhanced
products, whereas the local manufacturers were caught by high cost of production
and inconsistent Government policies. About the future investment in the bedwear
manufacturing sector, they said that it had almost no future due to difficulties
in sustainability of the existing units in the wake of increasing cost of
production. Nobody is going to take risk by investing huge finance in this
sector, which is witnessing a decline, said leading industrialist Zubair