Home / Knowledge / News / Apparel/Garments / Arrest explosive rise in yarn prices – PRGMEA tells Govt
Arrest explosive rise in yarn prices – PRGMEA tells Govt
11
Nov '09
The apparel manufacturing sector of the country has demanded an immediate intervention from the textile ministry to control the explosive rise in cotton yarn prices, lest which they fear that the impact of the recently declared textile policy would be nullified.

The Chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Mr Mirza said that yarn prices have increased by nearly 30-40 percent along with which there is a shortage of cotton yarn, due to unrestricted exports.

This in effect was creating a question mark in the minds of the foreign buyers on the ability of apparel exporters to supply goods at these high prices, which could have a effect on the exports of garments in the coming months, he warned.

He made it clear that the PRGMEA is not against the export of yarn but as part of this country and its economy, all the stakeholders should sit together and develop a theory, so that neither the industry faces losses nor should the country suffer.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X