Page 10 - November-December-2018

10 11

Strong attendance at the ITMA ASIA Knitwear valuing

+ CITME affirms combined show’s $1.214bn,ready-made

industry-leading position in the region garments $1.22bn

exported in 5 months

ITMA ASIA + CITME 2018, the region’s leading the positive outcome from our latest event.”
textile machinery exhibition, ended successfully
after five days of exciting product demonstrations Mr Wang Shutian, President of China Textile
and business networking. Machinery Association (CTMA), added: “The
strong turnout of visitors to the combined show
The sixth combined exhibition welcomed reinforces the reputation of ITMA ASIA + CITME as
visitor ship of over 100,000 from 116 countries and the most effective business platform in China for
regions, with an increase of 10 per cent from the industry. We shall continue to do our best to
domestic visitors compared to the 2016 show. present the best technologies from both east and
About 20 per cent of the visitors came from outside west to Chinese and Asian buyers.”
of China.
The total exhibition area at ITMA ASIA + CITME
Of the overseas participants, Indian visitors top the 2018 grossed 180,000 square metres and
list, reflecting the strong growth of its textile spanned seven halls. A total of 1,733 exhibitors
industry. Following closely were trade visitors from from 28 countries and regions demonstrated their
Japan, China. Taiwan, Korea and Bangladesh. latest technological products that focus on
automation and sustainable production.
Mr Fritz P. Mayer, President of CEMATEX, said:
“Response to the combined show has been very Following the successful staging of the 2018
strong. There was a larger pool of qualified buyers edition, the next ITMA ASIA + CITME will be held in During the first five months of current financial year Bed wear exports, in first five months of current
and most of our exhibitors were able to achieve October 2020 at the National Exhibition and the knitwear exports from the country increased by fiscal year, from the country were recorded at US$
their business objectives. We are delighted with Convention Centre (NECC) in Shanghai.
10.58pc as compared to the exports of the 966.007 million as compared to the exports of
corresponding period last year. 947.404 million of same period last year.

Knitwear worth US$1.214 billion which is about As compared to the exports of 156,823 metric tons,
52,171 thousand dozens were exported during the about 165,686 metric tons of bed wear exported
China agrees to double its the exports of 43,388 thousand dozen valuing US of 1.96pc. However, exports of towels was
period from July-November, 2018 as compared to
during July-November, 2018, registering an increase
decreased by 2.24 percent as it came down from
$1.098 billion of same period last year.
$321.787 in first five months of last fiscal year to
import from Pakistan Meanwhile, during the same time period, the country million to US$314.578 million during the period
also earned US$1.022 billion by exporting about
under review.
18,465 thousand dozen of ready-made garments as
same garments valuing $1.019 billion in same time
decreased by 0.07pc as against the same period of
Mr Abdul Razak Dawood, Adviser to Prime Minister on Commerce, Industry and Investment said that against the exports of 15,306 thousand dozen of Textile group exports in first five months had
during recently concluded visit of Prime Minister, China has agreed to increase its import from Pakistan by span last year. last year as textile products worth US $ 5. 508 billion
$1 billion immediately while the imports from Pakistan would further be increased by $1 billion next year. exported as compared to the exports of US$5.509
The exports of ready-made garments during the last billion of same period last year.
He said while addressing a press and briefing along with Minister for Planning, Development and Reform five months had witnessed 0.28 percent growth as
Mr Khusro Bakhtiar that this will help Pakistan to boost its exports to China from existing level of $1.2 billion compared to the corresponding period of last year, Exports of raw cotton during the period under
to $2.2 billion by end of current year and to $3.2 billion by end of next year. according to the data of Pakistan bureau of review, decreased by 72.56pc, cotton yarn by
statistics. 14.72pc and cotton cloth by 0.85pc respectively.

November/December 2018 November/December 2018