Page 21 - TEXtalks January/February 2022
P. 21

20                                                                                                             21


 COVID-19: A source of a colossal



 loss of textile exports for the



 neighboring rivals




 Pakistan and India are rivals in all fields, including   2022, with value-added textiles accounting for $213
 textile exports. After the COVID-19 pandemic,   million and other textiles accounting for $77 million.
 Pakistan gained momentum and reached new   This loss translates into a considerable decline in
 export targets, while in India, the situation was   both value and volume. Indian Textile sector
 worse, and Indian Textile Sector witnessed a   recovered well in 2021 and showed promising
 colossal loss during the crisis. India is likely to face   results. During April-December 2021, the total
 textiles and apparel, including handicrafts exports,
 rising competition from Pakistan in sectors including   was $29.8 billion compared to $21.2 billion for the
 auto parts and textiles However, Jan 2022 has been   same period last year. This implies robust growth of
 showing a different story so far.   approximately 41% over last year. Compared to
 April-December 2019, textile exports increased by
 Pakistan’s textile exports have dipped by 61% in the   14.6% in April- December 2021. In a nutshell, the
 first nine days of the current month of January 2022.   COVID-19 has significantly affected the textile
 According to projections, textile production   sectors of both countries. However, India suffered
 decreased by $290 million in the first nine days of   more than Pakistan.


              MG Apparel’s Cotton Farming Initiative



 Prada and Adidas to switch from   An example to be followed


 virgin to Re-Nylon  In collaboration with HBL, MG Apparel has launched   and higher yarn prices. These issues have increased

              the Cotton Farming Initiative that aims to preach
                                                               the cost of production and reduced the profit
              sustainable farming practices, along with guidance
                                                               increase cotton production.
              through agronomists on yield improvement & it is   margins. Therefore, there is a strong need to
 The Adidas for Prada Re-Nylon collection, which launched on Jan. 13, reinterprets each brand’s aesthetic   returned to farmers in Balochistan while supporting
 codes once again, blending the Italian brand’s craftsmanship with Adidas’ sportswear heritage. In this   MG Apparel’s cotton initiative could be a helping
 collection, each piece is made in Italy by Prada and with the brand’s signature recyclable Re-Nylon textile.   inter-provincial harmony. This will uplift the   hand to promote sustainable cotton production in
 The signature Re-Nylon is created by recycling plastic waste collected from oceans, fishing nets, and textile   community, improve livelihoods, and remove the   Balochistan, which can ultimately lead to better
 fiber waste. It can be purified and recycled indefinitely, with no loss of quality. The Adidas for Prada Re-Nylon   need for third-party interventions as buyers can   crop yield.
              directly approach farmers for raw material.
 collection marks the shift of the entire Prada production from virgin nylon to Re-Nylon is a milestone.
                                                               MG Apparel is a premium quality apparel
              Pakistan is the fifth-largest producer of cotton in the
 Prada reworked some of the brand’s distinctive pieces with the Adidas branding, all in Re-Nylon, including a   world. It also has the third-largest cotton spinning   manufacturer operating on industry 4.0 guidelines.
 track coat, tracksuit, sweater, a hooded jacket, and a bucket hat. Each piece is available in a duo of color   capacity in Asia (after China and India), with   The company’s mission is to create an
 iterations — black with white stripes and white with black stripes, detailed with Prada’s enameled triangle   environment-conscious brand making a difference
 logo. Prada S.p.A. is an Italian luxury fashion house founded in 1913 by Mario Prada. It specializes in leather   thousands of ginning and spinning units producing   one green step at a time. Such initiatives should be
              textile products from cotton. Today, Pakistan is the
 handbags, travel accessories, shoes, ready-to-wear, perfumes, and other fashion accessories. By observing   second-largest producer of Better Cotton globally.   encouraged at the government level to boost the
                                                               company's morale and set an example for others to
 and interpreting the spirit of times, Prada’s ambition to play an impactful role in the industry and beyond   Currently, Pakistan is facing cotton shortage issues   follow for the betterment of Pakistan.
 perfectly aligns with the growing demand from its internal and external stakeholders for dialogue,
 transparency, and more sustainable practices.




 January/February 2022                                                                January/February 2022
   16   17   18   19   20   21   22   23   24   25   26