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APTMA Punjab unit demands govt to reduce energy costs
25 Nov '16
1 min read
The All Pakistan Textile Mills Association (APTMA) Punjab unit urged the government to make energy costs competitive in the state, in order to restore competitiveness of the textile industry located in Punjab. The textile trade body also demanded that the government also protect the local industry from import of subsidised yarns and fabrics.
APTMA Punjab unit chairman Syed Ali Ahsan said the energy costs should be made regionally competitive and so, electricity should be provided at Rs 7/kWh and regasified liquefied natural gas at Rs 600/MMBTU to Punjab based textile units.
While addressing a press conference, Ahsan also added that textile exports have reduced from $13.8 billion to $11.6 billion in the last two years and at the same time, 70 spinning mills too have closed down in the state, primarily due to high cost of doing business.
According to the chairman, they were also keenly awaiting the export led growth policy, which was promised by the prime minister. (AR)
APTMA Punjab unit chairman Syed Ali Ahsan said the energy costs should be made regionally competitive and so, electricity should be provided at Rs 7/kWh and regasified liquefied natural gas at Rs 600/MMBTU to Punjab based textile units.
While addressing a press conference, Ahsan also added that textile exports have reduced from $13.8 billion to $11.6 billion in the last two years and at the same time, 70 spinning mills too have closed down in the state, primarily due to high cost of doing business.
According to the chairman, they were also keenly awaiting the export led growth policy, which was promised by the prime minister. (AR)
Fibre2Fashion News Desk – India
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