Page 11 - October-November-2018

10 A modest increase 11

Online visitor registration in textile exports by

and ITMA 2019 app launched 3.72pc in

On-line visitor and participants registration July-August 2018
for ITMA 2019, the world’s largest textile and
garment producing and manufacturing
technology showcase has commenced.
Every four years, the exhibition is going to be In August 2018, the textile exports continuously during the same time period.
staged at Fira Barcelona, Spain. inched up as value added product segments
witnessed a moderate growth whereas, there was According to the month on month basis, Pakistan’s
Early bird visitors can enjoy lower rates till also an increase in exports of cotton yarn and cloth. textile group exports saw a growth of 7.33pc in
15th of May 2019. Once they have bought As per the data released by the Pakistan Bureau of August 2018 compared against the same month last
the badges on-line at www.itma.com/reg. A Statistics (PBS), the textile exports hiked by 4pc in the year. During the period under review country earned
one-day badge price is forty euros, and a second month of fiscal year 2019 on year to year basis. $ 1.258 billion by exporting the textile products as
seven-day badge is eighty euros. The first against the $ 1.172 billion of same month last year.
bird rates are up to fifty per cent below the The figures were slightly higher for August 2018 that
onsite rates, per CEMATEX, the European saw the overall textile exports grow by 7pc During the first 2 months a positive growth was
Committee of Textile Machinery compared to August 2018. During the period under recorded which included cotton yarn by 6.52pc, yarn
manufacturers, that owns ITMA. review, Knitwear recorded the highest growth by other than cotton by 2.84pc, bed wear by 2.72pc,
almost 30pc. Cotton cloth and ready-made knitwear by 11.29pc and towels by 7.02pc
Mr Fritz P. Mayer, president of CEMATEX, garments saw a rise in volumes by 11 and 27pc respectively.
said: “ITMA 2019 exhibition space has been respectively.
sold out since April, and many of our During the period under review, the textile products
exhibitors will be using the platform to launch Growth in textile exports are often primarily attributed that recorded a negative growth include raw cotton
new machinery and innovative solutions. We to the rupee depreciation that has allowed exporters by 62.14pc, cotton cloth by 0.69pc and other textile
expect interest from visitors to be very strong. to gain additional orders in international markets. products by 13.13 pc respectively.
Hence, visitors are advised to book their The incentives provided to the textile sector based
accommodation and buy their badge early.” on the PM incentive package has additionally From July-August, 2018 about 79,733 metric tons of
provided a lift to the sector. cotton yarn valuing $224.145 million exported as
Visitors shopping for their badge can even against the exports of 81,064 metric tons worth $
book seats at the conferences and forums Going forward, the sector is to gain from exemption 210.418 million of same period of last year.
that are going to take place throughout the once it involves increase in gas costs. Punjab based
show. To avoid onsite queues, once they textile industry is getting 28 percent system gas and Meanwhile, 7,450 thousand dozens of readymade
purchase their badges they can have them 72 percent RLNG at an exorbitant rate of almost clothes valuing $435.425 million during the same
printed before arriving at exhibition. Rs1500/MMBTU. The government has exempted period as compared the exports of 6,108 thousand
Additionally, guests requiring a visa to enter zero-rated sectors which include textile, leather, dozens valued at $418 million at same time of last year.
Spain can request a call for participation sports and surgical products from the rise in gas
invitation once ordering their badge. costs to lower their value of production by giving a At the same time, exports of raw cotton decreased
grant to the tune of Rs44 billion. from $8.695 million in July-August, 2017 to $3.292
ITMA 2019 app million in the same months of current financial year,
Coinciding with the online registration is the During the first 2 months (July and August) of the recording decrease of 62.14 pc and the exports of
launch of the official app for ITMA 2019. The current fiscal year, the textile exports of the country cotton cloth stood at 345,229 thousand square
app can be downloaded free of charge from grew by 3.71 pc compared to the preceding year. meters worth $346.780 million, which were recorded
the Apple App Store and Google Play. The textile products valued at $2.280 bn were at 328,741 thousand square meters valuing
exported compared to exports of $2.179 bn last year $349.197 million during the same period of last year.

October/November 2018 October/November 2018