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The textile industry is the largest manufacturing industry in Pakistan, the fourth largest global producer of cotton, and the eighth largest exporter of textile products in Asia. It contributes to 8.5% of GDP and provides employment to 30% of the 56 million strong national workforce, or 40% of industrial employment.
The industry's contribution in the nation's exports account for 8.5% of the total GDP. Textile exports stood at $4.4 billion in 2017–18. The industry employs a large section of the labour force in the country. Pakistan is the 4th largest producer of cotton with the third largest spinning capacity in Asia.
Over the last few decades, the apparel industry grew to represent Sri Lanka's number one export. Following a 38% increase in textile-based revenue from 1996 to 1997, in which the industry generated $2.18 billion in earnings, 50 new textile factories opened in Sri Lanka in 1998. [ 10] As of 1998, the Sri Lanka apparel industry employed about ...
The fast-fashion market in 2020 globally produced $25.1 billion. [36] It was expected to increase at an annual compound growth rate of 21.9%, resulting in the global market increase to $31 billion in 2021. [36] By 2030, it is estimated that the fast fashion industry will bring a revenue of $192 billion to the world's global economy. [37]
Fashion industry followers believe the business sector can act more sustainably by pursuing profit and growth. [23] The movement believes that clothing companies should incorporate environmental, social and ethical improvements on management's agenda.
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The fashion industry is the second most-water intensive industry worldwide. [41] Around 90 billion cubic meters of water are used every year for the fashion industry. [ 42 ] Most of the clothing pieces made come from cotton and cotton requires more water for production than any other crop. [ 43 ]
Ready-to-wear. Ready-to-wear ( RTW ) – also called prêt-à-porter, or off-the-rack or off-the-peg in casual use – is the term for garments sold in finished condition in standardized sizes, as distinct from made-to-measure or bespoke clothing tailored to a particular person's frame. In other words, it is a piece of clothing that was mass ...