Home / Knowledge / News / Textiles / APTMA rejects proposed duty on Indian cotton
APTMA rejects proposed duty on Indian cotton
21
Jun '16
The All Pakistan Textile Mills Association (APTMA) has said that the decision to impose regulatory duty on import of cotton from India through Wagha Border is the outcome of false data and non-professional approach of Senate Standing Committee on National Food Security and Research.

While rejecting the recommendation of the committee, APTMA Chairman Tariq Saud said in a statement that the ginners have not more than 100,000 bales of cotton, which they will trade off before the arrival of the new crop.

Saud said Finance Minister Ishaq Dar in his budget speech accepted that due to the failure of cotton crop by about 35 per cent, this year's growth rate has declined by about 0.5 per cent.

He said the failure of local cotton crop by about 35 per cent has put extra burden on the industry to import more than 4.5 million bales of cotton to meet the consumption requirement of the spinning industry.

"This decline in production of cotton in the country has not only affected the operations of basic textile industry, which is already suffering due to high cost of doing business and shortage of energy, but also resulted in the surge in import of cotton yarn and fabrics," the APTMA chairman added.

Due to high cost of doing business and other factors, the domestic industry is unable to compete in the international market, which can be confirmed from the fact that in the 11 months of the current financial year, the imports of cotton yarn has almost doubled as compared with 2014-15, Saud pointed out.

He said India does not give any subsidy to its farmers on export of cotton to Pakistan. India, since independence, has undertaken variety of land reforms including modern farming system, whereas no land reforms and modern cotton farming technology was introduced in Pakistan, he added.

Tariq Saud said the reason behind the enhancement in production of cotton crop in India is due to the introduction of modern technology and research, which is lacking in Pakistan.

He demanded the government to provide incentives and better quality cottonseed to the growers traditionally cultivating cotton to produce more and more cotton instead of other crops.

The reorganization of cotton research institutions is vital at the moment, as existing research centres have failed to come up with the expected results to meet the consumption requirement of the industry, he said, adding that the cotton research centers, controlled by the government, were presently in pathetic state and the cotton cess of Rs 50 per bale obtained from spinning industry was being wasted.

Last week, the Senate Standing Committee on National Food Security and Research recommended the imposition of Regulatory Duty (RD) on the import of cotton bales from India. The committee observed that import of cotton lint from India via Wagha border despite sufficient stock in the country would adversely affect cotton growers. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search