Textile body targets Asian competitors
Wednesday, October 22, 2014
The Textile industry has been plagued by operational challenges for many years
According to BTCA president, Mohammad Shahid Ghafoor, the association aims to help local textile and clothing manufacturing companies sustain themselves in a highly competitive market.
Ghafoor noted that Asian countries have a competitive advantage in terms of lower labour costs supported by efficient production, availability of vast and cheaper sources of raw materials.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...