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Value-added exporters threaten to shift base
09
Feb '10
Jawed Bilwani, coordinator of All Value Added Textile Sector Associations, has cautioned the government that if they neglect to impose a ban on export of cotton yarn within a week, they will resort to strike and would initiate steps to aid units in all the value added textile associations to assist the exporters to move their business to Bangladesh, Sri Lanka, Egypt and other countries.

Talking at a press conference organized at the Pakistan Hosiery Manufacturers Association (PHMA) House he said that, the Cabinet Committee on Textile announced restriction on export of yarn at 50 million kg per month, but actually the quantity amplified to 62 million per kg, while at the same time particular categories of yarn were exempted.

He informed that the ban did not advance any gain to the sector as it was imposed in accordance with the quantum of current year's exports against their demand for taking in to account past three year's average exports.

In 2009, cotton yarn export rose by 47 percent and export of cotton increased by 109 percent. As a consequence, a fall of 4.6 percent has been noticed in production of value added products, resulting in closure of around 250 knitting, stitching and dying units over a period of three to four months, he added.

Bilwani also stated that availability of yarn has remained an issue, but the government has been neglecting their repeated pleas since the last four months.

Fibre2fashion News Desk - India

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