Statistics reveal that, Dubai exported textiles and textile articles worth more than Dh600 million in 2003-04 and also re-exported huge amounts of textiles during this period. .
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According to a leading textile trader in Dubai, “The sale during Dubai Shopping Festival increased this year, compared to previous year by 30 per cent due to increase tourist, market was open for the whole day as well as variety of new products which boosted the sales this year.’’ Moreover, the expatriate population is increasing year-on year and it is also contributing to the growth of the textile market. Woven garments at present account for almost three quarters of the production and have registered successive increases in the last three years, according to sources. .
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The government has already announced the launch of a $60 million Dubai Textiles City built to consolidate Dubai $2.4 billion textile market. The project is still described as the biggest of its kind in the world, under a joint venture with the Dubai-based Textile Merchants Group (TEXMAS). .
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It aspires to become the centre of a $1.4 billion consumer market extending through the Middle East, Africa and West Asia. Goods moving through the Dubai Textile City will be exempt from import duties. .
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Dubai Textile City has been designed to provide over 250 units in a covered area of more than two million sq ft. .
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The units are designed to be self-sufficient, providing front offices and warehouses along with infrastructure necessary for companies to keep hands on for traded inventories. .
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The development will feature showrooms and stores, advanced communication networks and utility systems. Apart from this, Textile industry leaders are mulling to opt Dubai as their trading hub in anticipation of the business the Indian and Chinese textile markets will generate as the trading quotas are done away this year. “UAE manufacturers of high-quality, niche textile products have not been affected by the removal of the trade quotas,’’ said Amir Kanawati, Sales Manager, Oubari-Gulf, one of the biggest textile machinery agents in the Gulf region. According to an analyst: “Dubai can capitalise on the best of both worlds by positioning itself as a hub for traders from the region and the Far East seeking access to markets in the West and by actively promoting a national textile manufacturing infrastructure, producing quality wares at competitive prices.’’ .
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Source: khaleejtimes.comDubai has become a major transit hub for the textile products in the last few years. The goods are first imported by the businessmen of Dubai, and then re-exported to all over the world. .
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At present, Dubai imports textiles worth Rs 25,000 crore annually. Out of this China holds a whopping 45 per cent share, while India share is between 10-15 per cent. .
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A delegation of the Federation visited Dubai in March. “During the visit, we met several top importers of Dubai, and Jaman Asnani, president of Textile Merchants Group, the highest body of textile businessmen of Dubai, said Manghani. .
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“The importers of Dubai said that considering the range of Indian textiles, India share could be easily increased by 10 per cent,” he said. .
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The Dubai businessmen, however, expressed concern over various issues, he said. “The first and foremost is the system of DEPB, which leads to over billing of goods.” .
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“Similarly, the delay in shipment is also a reason for their reluctance in acquiring goods from India. In Dubai, the containers are shipped within eight hours, while in India, it takes at least two-three days, or sometimes weeks before the shipment is made,” he said. .
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Manghani pointed out that the inability of Indian businessmen in supplying large quantity of textiles of quality to the exporters, and the poor supply chain are also responsible for the lukewarm response from the Dubai importers. .
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“There is a huge potential for growth of textiles in Dubai market, but it would require a collective effort. The government needs to plug the loopholes in the export system, while the industry has to concentrate on improving the quality,” he said. .
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Source: business-standard.com
Date:3/26/2005
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