Home / Knowledge / News / Apparel/Garments / PRGMEA: Roundtable conference on cotton crisis soon
PRGMEA: Roundtable conference on cotton crisis soon
28
Jul '11
Central Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Ijaz A. Khokhar has announced to hold a roundtable meeting of textile industry stakeholders on prevailing cotton crisis soon.

He has invited about 20 associations relating to farmers, ginners, cotton exporters, spinners, weavers, value-added exporters and other stakeholders to attend the roundtable meeting on the cotton crisis.

In a letter sent to the heads of all associations, Chairman PRGMEA said the domestic cotton market has fallen to Rs5000/Maund from Rs 15000/Maund in no time with the burst of cotton price bubble internationally. The cotton crisis amidst much-likely bumper crop of 16 million bales ahead will have ripple effect right from cotton farmers, basic textile to the value-added industry, he apprehended.

Also, said Chairman PRGMEA, about 30% surplus cotton crop in neighbouring India would blow the industry further especially in the absence of fresh buying spree from China in next two months. He feared that this situation would expose the local cotton farmer to devastating effects and the Trading Corporation of Pakistan intervention, as demanded by the farmers and ginners desperately, will be of no use.

According to him, there is an urgent need of generating demand for consumption of local raw material in the larger interest of cotton farmers and to safeguard historic $14 billion share of textile industry in country's exports. Achieving the goal of generating demand for local raw material, he continued, is the real challenge for textile industry. It is right time to joint our heads and deliberate some out of box solutions for mutual interest, he asserted.

Chairman PRGMEA has expressed the hope that the textile industry stakeholders would support his proposal of a roundtable meeting to save the cotton farmers and millions of textile workers in country.

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA)

Must ReadView All

Apparel/Garments | On 20th Feb 2017

Kate Spade & Company Q4 net sales climb 9.8%

For the three months ended December 31, 2016, net sales at apparel...

Courtesy: Ralph Lauren

Apparel/Garments | On 20th Feb 2017

Ralph Lauren hires senior executives for leadership team

Ralph Lauren Corporation, a global leader in clothing, marketing and...

Textiles | On 20th Feb 2017

WeaveUp tool helps Materialised deliver samples in hours

The partnership by WeaveUp, a developer of designing software tools...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search