AIRLINK 155.71 Decreased By ▼ -0.74 (-0.47%)
BOP 10.31 Decreased By ▼ -0.03 (-0.29%)
CNERGY 7.65 Decreased By ▼ -0.09 (-1.16%)
CPHL 88.17 Decreased By ▼ -2.30 (-2.54%)
FCCL 47.36 Increased By ▲ 0.49 (1.05%)
FFL 16.12 Decreased By ▼ -0.45 (-2.72%)
FLYNG 58.01 Decreased By ▼ -1.98 (-3.3%)
HUBC 138.52 Decreased By ▼ -1.52 (-1.09%)
HUMNL 11.54 Decreased By ▼ -0.55 (-4.55%)
KEL 5.47 Decreased By ▼ -0.24 (-4.2%)
KOSM 5.46 Decreased By ▼ -0.18 (-3.19%)
MLCF 83.75 Increased By ▲ 0.74 (0.89%)
OGDC 212.05 Decreased By ▼ -3.26 (-1.51%)
PACE 5.86 Increased By ▲ 0.03 (0.51%)
PAEL 43.22 Decreased By ▼ -0.63 (-1.44%)
PIAHCLA 21.76 Decreased By ▼ -0.40 (-1.81%)
PIBTL 8.42 Decreased By ▼ -0.14 (-1.64%)
POWER 14.36 Increased By ▲ 0.04 (0.28%)
PPL 170.99 Decreased By ▼ -3.38 (-1.94%)
PRL 33.49 Decreased By ▼ -0.03 (-0.09%)
PTC 25.50 Decreased By ▼ -0.01 (-0.04%)
SEARL 92.89 Decreased By ▼ -0.99 (-1.05%)
SSGC 41.92 Increased By ▲ 0.78 (1.9%)
SYM 15.00 Decreased By ▼ -0.16 (-1.06%)
TELE 7.82 Decreased By ▼ -0.09 (-1.14%)
TPLP 9.31 Decreased By ▼ -0.20 (-2.1%)
TRG 64.22 Decreased By ▼ -0.17 (-0.26%)
WAVESAPP 9.42 Decreased By ▼ -0.13 (-1.36%)
WTL 1.37 Decreased By ▼ -0.08 (-5.52%)
YOUW 4.19 Increased By ▲ 0.14 (3.46%)
BR100 13,245 Decreased By -78 (-0.59%)
BR30 38,472 Decreased By -452.9 (-1.16%)
KSE100 124,093 Decreased By -259.6 (-0.21%)
KSE30 37,537 Decreased By -95.2 (-0.25%)

LAHORE: Pakistan’s footwear industry is in a position to increase its exports to $5 billion by 2027, said Pakistan Footwear Manufacturers Association (PFMA) Chairman Mansoor Ehsan. We are hopeful that we will achieve this target by 2027, by adding more export markets like China,” he emphasised.

In an interview with Business Recorder, Ehsan said that footwear industry should focus on forming joint ventures with Chinese manufacturers in order to take advantage of the opportunity created by increasing labour wages in China.

Collaboration with Chinese shoemakers is expected to help the domestic industry access new technology and improve labour skills, as well as boost exports.

He said our industry wants to collaborate with Chinese manufacturers and establish joint ventures with them in the proposed economic zones to be created along the China Pakistan Economic Corridor (CPEC). This is because the move can help us boost exports and improve labour skills and productivity. He underlined that the industry was probably the only sector which had reduced its import share drastically in the past three years.

Mansoor Ehsan further said excellence would be ensured in all departments of the country’s footwear sector to ensure quality in shoe production and to compete at the global level. He vowed to develop horizontal and vertical linkages to support the sector.

PFMA chairman pledged to continue ongoing projects related to the footwear sector and asserted that efforts would be made for future progress and prosperity of the footwear sector.

“All the possible avenues will be explored for joint ventures with the international footwear companies besides focusing on the skill development of workers and managers for the collective good of the sector.” Ehsan apprised that steps would be put in place to engage government departments for an enabling environment to serve for the benefit of exporters, manufacturers, component supplies, large, medium and small industries of footwear along with mutual interest of small and medium sized enterprises.

While talking about the association, Ehsan said that since its inception in 1983, PFMA is an association dedicated to promoting and enhancing the growth and development of the footwear industry in Pakistan. He also said that the primary objective of the association is to facilitate association members in liaising with government bodies in enhancing productivity and skill development.

Copyright Business Recorder, 2023

Comments

Comments are closed.