Financial Times FT.com

Textiles: Restructured and refocused

By Tony Hawkins

Published: March 11 2008 19:41 | Last updated: March 11 2008 19:41

Three years ago in the immediate wake of the abolition of the international Multi-Fibre Arrangement, the Mauritian textile industry was in deep trouble. Output had fallen for four consecutive years, declining by a third while employment was down to 67,000 people from more than 91,000 at then end of the 1990s. The Export Processing Zone’s (EPZ) share of gross domestic product had plummeted below 7 per cent from 12.5 per cent and the island was thick with gloomy forecasts of the future.

Pundits said the industry that had grown up on the back of trade preferences in the European Union could not survive the onslaught of low-cost competition from China and other Asian manufacturers. They were wrong. After turning around in 2006, textile and clothing output surged 10 per cent last year, net exports which had fallen by a fifth enjoyed a strong rebound, but the employment shake-out – 27,000 job losses since 2000 – continues.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this

"Front page" sub navigation

"World" sub navigation

"US & Canada" sub navigation

"Europe" sub navigation

"UK" sub navigation

"Asia-Pacific" sub navigation

"Middle East" sub navigation

"Americas" sub navigation

"Companies" sub navigation

"Energy" sub navigation

"Industrials" sub navigation

"Transport" sub navigation

"Retail & Consumer" sub navigation

"Health" sub navigation

"Technology" sub navigation

"Financials" sub navigation

"By region" sub navigation

"Columnists" sub navigation

"Companies A-Z" sub navigation

"Markets" sub navigation

"Equities" sub navigation

"FT Trading Room" sub navigation

"Columnists" sub navigation

"Markets Data" sub navigation

"Managed funds" sub navigation

"FTfm" sub navigation

"Lex" sub navigation

"By sector" sub navigation

"Comment" sub navigation

"Columnists" sub navigation

"Video & Audio" sub navigation

"Management" sub navigation

"Columnists" sub navigation

"Business Education" sub navigation

"MBA" sub navigation

"Masters in Management" sub navigation

"EMBA 2009" sub navigation

"Executive education 2009" sub navigation

"Personal Finance" sub navigation

"Investments" sub navigation

"Advice & Comment" sub navigation

"Tools & Calculators" sub navigation

"Compare & Apply" sub navigation

"Arts & Leisure" sub navigation

"Arts" sub navigation

"Pursuits" sub navigation

"Columnists" sub navigation

"Wealth" sub navigation

"In depth" sub navigation

"Special Reports" sub navigation

"Jobs & classified" sub navigation

"Jobs" sub navigation

"Services & tools" sub navigation

"News by email" sub navigation

"About us" sub navigation

Market-moving economics

FT.com RSS Feeds

FT Lexicon