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'Cotton growers, spinning mills need each other' - Minister
04
Oct '11
It is not possible for cotton growers and spinning mills to survive independently of each other, Pakistan's Federal Textile Minister, Makhdoom Shahabuddin has said.

Addressing the Annual General Meeting of All Pakistan Textile Mills Association (APTMA), the Minister said that he was a cultivator about two decades ago and had then heard many negative things about APTMA.

The Minister added that they then had an Acres Club which pitched against the spinners in the Parliament, but since then both the growers and spinners have trailed a long way and now it is not possible for either of the parties to subsist and survive independently, without each other's support.

The Textile Minister praised President Asif Ali Zardari for his keen interest in developing the Textile industry in the country and asked the APTMA members to lay their worries aside as due attention is being paid to their interests by the head of the country himself.

While talking about loss of cotton crop due to torrential rains in Sindh, the Minister said that it is somehow possible to hold back the rivers from flooding, but not heavy rains. He informed that the recent downpours have devastated around 80 percent of the cotton crop in Sindh.

On allowing five percent subsidy on unpaid textile industry loans, he said that the proposal would be placed before the Cabinet after properly considering the same.

Fibre2fashion News Desk - India


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