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RMG exporters want a ban on cotton exports
28
Jun '10
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) announced that, every kilogram of domestically produced cotton must be utilised in the value-added garments.

Moshin Ayub Mirza, Central Chairman of PRGMEA said that, in order to see RMG exports grow to $25 billion, government must put an end to the exports of cotton.

Apart from the exports of yarn, low efficiency in production and inferior quality standards are also to be blamed for adversely affecting the value-added textile sector.

The value-added textile sector has also suffered owing to yarn, electricity, gas shortage, law and order situation, harassment by government bodies and misuse of political influence, informed Mirza.

Owing to all this, Mirza averred that, the value-added sector was unable to perform its best. He further added that, the government should only permit 40,000 ton of yarn to be exported per month. In addition, the 15 percent regulatory duty, imposed exports of yarn has also aided in a 10 percent cut in price.

Members of PRGMEA, accompanied by Mirza have also urged the government to form a task force to review each textile sector on a monthly basis.

Fibre2Fashion News Desk - India


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