Home / Knowledge / News / Textiles / An immediate industry revival package needed - APTMA
An immediate industry revival package needed - APTMA
01
Mar '12
All Pakistan Textile Mills Association (APTMA) has urged the government to come to the rescue of textile industry through a revival package including uninterrupted energy supply and restructuring of outstanding loans to save the industry from total collapse.

In a hurriedly called press conference on Wednesday, Group Leader APTMA Gohar Ejaz, Chairman APTMA Punjab Ahsan Bashir and Vice Chairman APTMA Seth Akber told the media that the adverse impact of gas supply suspension for 172 days during last calendar year and 52 days closure during first two months of current year can be judged from the fact that textile exports have declined by 40% in quantity during first half of current fiscal, translating into $4 billion export loss, and industry NPLs/infection ratio has reached up to 31.5% as of September 2011, which is apprehended to touch 50% by end March, if not taken by the government seriously.

Chairman APTMA Punjab said the SNGPL has supplied gas to textile industry for merely eight days during sixty days of first two months of current calendar year. The desperate textile millers have started contacting the Association for sale of their units, as they were not able to operate 365/7 due to non-supply of energy, thus unable to generate cash to pay back to the banks.

He said the SNGPL has not displayed change of gas load management plan despite reduction in mercury by 10C with the start of March.

He said the APTMA members questioning about the availability of saved gas with improvement in weather conditions. The policymakers, economic managers and SNGPL officials should be prudent in prioritizing gas supply to the industry generating billions of dollars exports and 15 million jobs.

Gohar Ejaz urged the textile minister to take stock of the situation and get it declare as calamity hit before the premier industry of the country turns into a junkyard. He said an immediate industry revival package was need of the hour to avoid rising number of sick units. He said the industry was unable to perform as it was not being allowed to operate 24/7 due to energy supply and financial constraints.

He said the situation would lead to lawlessness and the government should take APTMA voice as a wake-up call, as election year cannot be attributed simply to domestic consumers but also to economic sanctity of the country.

All Pakistan Textile Mills Association


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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