Export Performance a Vital Indicator for Measuring Industry Competitiveness: Evidence from Pakistan Textile and Clothing Industry
نویسندگان
چکیده
Federal Bureau of Statistics Pakistan is regularly collecting and maintaining data for exports for industrial sectors (textile, food and other manufacturing commodities) and Service Sector. Export performance is a vital indicator for measuring any industry competitiveness. Pakistan Textile and Clothing Export data from 20052006 – 2009-2010 was explored for competitive performance analysis. Sector was further divided into three categories low, medium and high based on their share. Performance was anlaysed using SPSS.19 and Microsoft Excel. It was found that Cotton Yarn, Knit-Wear and Towel had positive compound annual growth rate (CAGR), whereas, Cotton Cloth, Bed-Wear and ReadyMade Garment comprising of 50-60% of the group had negative CAGR. Poor performance were found to be due to low quality, less value added products, weak competitive intelligence, low product mix, lack of skills, weak marketing, high production cost, out dated technology, old manufacturing techniques, electricity and gas shortage and severe competition from China after its integration into World Trade Organizations (WTO) Structures on termination of post quota regime. To achieve sustainable competitiveness, foreign investment should be encouraged through making strategic alliances with major players by exploiting competitive advantage of raw material and low wage labour potential. Moreover, industry should be strengthen upstream and downstream through advancement in biotechnology, development of energy availability strategies, investment in technology, institutionalising workers skills, exploiting low labour cost, improve marketing, and transforming small and medium units into well-organized high quality, high value added, low cost competitive large units. [Tahir Iqbal, Nawar Khan. Export performance a vital indicator for measuring industry competitiveness: Evidence from Pakistan Textile and Clothing Industry. Life Sci J 2012;9(4):3816-3822] (ISSN:1097-8135). http://www.lifesciencesite.com. 568
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