Home / Knowledge / News / Textiles / APBUMA voices concern over gas outages hitting textile industry
APBUMA voices concern over gas outages hitting textile industry
21
Nov '11
The All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA) has voiced grave concern over the three day gas load-shedding for textile industry in the country.

The Association has claimed that it would badly hit the labour-oriented textile industry of the country, leading to closure of several units and fall in export volumes.

APBUMA said around US$ 1.5 billion worth of production capacity went unutilized during the last fiscal year as most of the industries suffered gas load-shedding for 75 days, which restrained the industry from achieving its export target of US$ 15 billion.

APBUMA stated that the textile industry directly accounts for 60 percent of Pakistan's exports, while employing over 15 million people. Moreover, it also serves as a backward linkage to domestic agriculture industry.

As a key issue, while power and gas tariffs and adjustment charges are increasing the export-oriented industry's production cost, suspension of local taxes and duty drawback would also negatively impact exports of value-added goods as claims worth billions of PKR have still not been released by the State Bank of Pakistan, the Association stated.

It further stressed that owing to power crisis, the country's exporters are not being able to execute their export commitments in time, and hence a majority of the EU and US buyers are losing faith in them.

Also, with unproductive Government policies, Pakistani exporters are losing their global market share to competitors both from within the region and outside.

The Association also expressed concern about the upcountry industry, which during the current fiscal is getting only 2.110 million cubic feet gas per day (mmcfd) against the demand for 3.326 mmcfd, and hence enduring a shortage of 1.216 mmcfd on average per day.

APBUMA emphasized that in order to counter the vital issue of gas shortage, the Government should frame comprehensive policies so as to protect the domestic textile industry and save it from closing down.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X