Talking to the media here on Thursday, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Central Chairman for Sialkot Ejaz A Khokhar said due to diversification of manpower in China, buyers of European countries were facing inordinate delay in shipments and increase in prices.
Owing to this critical situation, the European importers have been shifting their orders to Pakistan, which produces high-quality products at competitive prices and ensures timely shipments. “This is giving a boost to sportswear exports from Pakistan,” he said.
He pointed out that several global multinational companies have shown keen interest in importing sportswear from Sialkot as they now preferred sports garments compared to fashion cloth. “Demand for Pakistani sportswear has increased in Europe as European people are sports conscious.”
He said a famous brand of the European Union was doing business with Pakistan, encouraging other companies and store chains to buy sportswear from Pakistan. European customers thought that China would not remain competitive in the near future.
“Now Pakistan is the only country in Asia, which can meet their demand regarding quality, competitive rates and timely shipment,” he stressed.
Khokhar said the change in attitude of European buyers should not be considered minor as it could be a big opportunity. In this regard, the government should play a supportive role by maintaining law and order, ending energy crisis and giving special incentives to exporters of sportswear and readymade garments.
These circumstances suggested that China would soon be out of competition with Pakistan until 2015, he said, adding a quantum jump in exports would help enhance tax revenues and create 20 per cent more jobs in the country.
Published in The Express Tribune, November 11th, 2011.
COMMENTS (7)
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Sialkot footballs are awesome
Our sweatshop is cheaper than yours!
More important than the change in our favour is the fact that there was such a quick change. If your only competitive advantage is price you won't last long. Tomorrow they will switch to another country if our workers start demanding a fair wage.
finally! something positive!
Pakistan definitely has great potential in this industry. Inexpensive manpower, availability of raw material, resilience of our entrepreneurs, who against all odds are determined to keep intact and move on. Though weak in support structure and Govt. facilitation, but regional and demographic edges enhance our chances of success.
Lets find ways to develop the capacity building of our industries, through better management, efficient and optimal use of resources. Tripartite linkages between Govt. Academia and industry may provide few useful solutions.
Lets be optimistic!
Phrases like "Capture of Chinese market" OR “Now Pakistan is the only country in Asia, which can meet their demand regarding quality, competitive rates and timely shipment,”... please lets come back to our senses and stop daydreaming.
I hope some readers will remember when last time I said about a meeting in Europe where I predicted billions of pounds will be invested in Pakistan very soon. . I hope all the jealous people (who made fun of my post) will follow recent news and see what is going to happen in near future.
Lets hope no 'jealous' or 'Prophets of dooms' try to find the dark side of this news!