Get top garment leads in Karachi, Lahore, Islamabad, Faisalabad, Sialkot and other cities in Pakistan and around the Globe. November 16, 2020 The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Sunday said that the country has achieved to secure more than $200 million business in one year’s span since 35th IAF Fashion Convention held last year in November in Lahore by the PRGMEA. The PRGMEA leader vowed to keep this liaison alive with the IAF delegates, with the ultimate target of prosperous Pakistan through jump in apparel exports. However, opening a readymade garment shop or starting up clothing business is no-joke. The presentation concerns about readymade garment industry of India,and research on effect of marketing strategies adopted by top 500 brands with effect on con… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The top 6 products exported by Pakistan account for 52.0% of Pakistan’s exports, but only 20.0% of total world garment exports. Need appropriate and targeted industrial policy: Provide support to SMEs to encourage investment in ICT and ensure reliable supply of inputs and competitive credit. The Pakistan Business Council (PBC) has commissioned CDPR to do this Study as part of its Make-in-Pakistan initiative. Readymade Garments Business Tips; You need to take care of certain reasons before you can start trading any kind of clothes in India. Readymade Garments Business Tips Investment Profit. Latest News Improve access & lower the cost of inputs: This can be achieved by improving ease of importing man-made fibers, removing extra taxes on utilities, establishing central bonded warehouses for better access to raw material and increasing labor productivity through training. 343-A, New Bhabrra, Main Ferozepur Road, Lahore, Pakistan. Giving credit of it to chief coordinator Ijaz Khokhar, the PM advisor also congratulated him to bring the IAF Convention to Pakistan. You can take your factory to Bangladesh or elsewhere in Asia or even Africa and South America. “At the moment the major challenge the industry is facing is of cotton shortage in the country, which may hurt the export and fulfill the shipment orders in hand. melbourne , victoria usa. Sunday, January 10, 2021, * PRGMEA says Pakistan can capture large share in global apparel market if government exempts cotton yarn from all taxes and duties. This was stated by PRGMEA Central Chairman Sohail A. Sheikh while addressing a ceremony to mark the first anniversary of global summit held last year where he cut the cake along with Chief Coordinator Ijaz Khokhar and PRGMEA executive committee members. Company’s Financials The readymade garments industry is only a part of a huge textile export market that consists of fabrics, made-ups, yarn, thread, fibre, woolen In 2017, Pakistan exported almost $5.0 billion worth of garments to the world: $2.52 billion (knitwear) and $2.47 billion (woven). If you continue to use this site we will assume that you are happy with it. Pakistan faces higher production costs and lower productivity compared to its peers. PRGMEA Chief Coordinator observed that despite certain odds, the business community engaged with the textile sector was making adequate efforts for increasing the export of the country. With a view to enhance exports, the government will have to revise its policies in order to facilitate the export sector, he said and added that without the due support of the government, exporters were unable to grab the share of the global apparel market. Clothing business or readymade garment stores are growing industries in India today. Products such as knitted/crocheted t-shirts, shirts and vests which are complementary in China’s imports and Pakistan’s export basket should be included in the FTA. Editor’s Picks, Contact It consumes the majority of the workforce in Pakistan’s textile and garments industry and has been contributing towards the high growth-rate in exports as figures shows it is 67% contributing in export of Pakistan. Find reliable manufacturers & suppliers of Readymade from Pakistan at TradeKey.com.pk. Your best shot is to find someone who’s already running a successful clothing retail business in Lahore. Seafood Business in Karachi. The readymade garments industry, excluding exports, is set to double to Rs 4 lakh crore in the next five years with the removal of excise duty and increased demand for branded garments. 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Sohail A. Sheikh said that this activity was arranged to keep Pakistan’s contact live with over 250 foreign delegates of the International Apparel Federation (IAF), providing them platform to interact with local garment entrepreneurs and place maximum orders in this difficult time of post-pandemic economic crunch. Export orders can be generated through local or international buyers that are present in the country and receive export orders for international buyers from local industries. Resolve problem of pending refunds under drawback schemes: Pay interest on pending refunds that have exceeded the permissible time limit. The textile is the most important sector of Pakistan’s economy. Ready-made garments are mass-produced finished textile products of the clothing industry. The particular HS code has historically constituted for more than 80-85 percent of the readymade garment exports of Pakistan in the last five years. Your right to know High production costs are in the form of import duty on cotton & MMF, high energy tariffs and minimum wage (Supply-Constraint). Pakistan lags behind its competitors in the global share in export of garments. At the initial stage, you should explore the garment business in a wider prospect. Therefore, the readymade clothes are preferred in both urban and suburban Areas, therefore, the market demandfor the readymade garments are high. Incentives should be in the form of exemptions, rather than refunds. In addition, Pakistan’s garment exports are not well diversified in terms of destinations. Now before starting any business, there is a need to have a proper study about that particular idea. Sohail A Sheikh observed that the world class event highlighted the real and soft image of Pakistan, besides updating the foreign buyers about what Pakistan produced, and ensure interaction among Pakistani exporters and international textile chains. The PBC is a private sector not-for-profit advocacy platform set-up in 2005 by 14 (now 78) of Pakistan’s largest businesses. By considering the market demand of the textiles you don’t have to worry about the pot… You can cater to the domestic and overseas market. Clothing is a necessity and in fact, it is one of the basic needs of man. If the Pakistani industry fails to ship the goods in time Pakistan may lose the credibility of a reliable supplier. 845 E. New Haven Avenue, Isabellas is a leading garment apparel and home decor textile prodicts supplier … CPEC: Use CPEC to leapfrog and climb the technology ladder in garments sector through joint ventures with Chinese companies that utilize Chinese expertise in RMG and Pakistan’s low cost labour. Ijaz Khokhar proposed that Export Development Fund should be allocated for Research and Development in accordance with the concerned industrial sectors for bringing innovation and to improve the standard of products to cope with challenges of the global market. Other schemes include providing matching grants or challenge funds to encourage upgradation of inputs. Renegotiate better terms in Pak-China FTA: Concessions need to be more relevant for Pakistan. So to overcome this issue the government should abolish the 5 percent customs duty and 5 percent regularity duty on the import of yarn for at least six months until the arrival of new crop in the country.” He said that if this demand is accepted PRGMEA assures that in next quarter the business will grow and Pakistan will maintain the current percentage of the growth. It is imperative to have efficient and cost-effective production systems with minimum wastages to attract buyers. WELCOME TO PRGTTI. Pakistan Readymade Garment Technical Training Institute (PRGTTI) was established in the year 1997, with a mission to offer practices of management through training programs that makes meaningful contribution towards the global industry development. He further added that apparel industry should be allowed to import fabric as the weaving industry was unable to fulfill the growing demand for fashion wear. They are made from many different fabrics and yarns. Ijaz Khokhar further said that currently, the garment sector has a limited product line due to non-availability of the latest fabric at the local level, adding that foreign buyers demanded new garment based on G3, G4, and technical fabric material and under the circumstance, there was a great need of product diversified to compete in the international market. Garments have the highest-value addition and is also the Main export revenue earner and South America FTA: need. 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