Home / Knowledge / News / Textiles / APTMA criticizes India for banning cotton exports
APTMA criticizes India for banning cotton exports
09
Mar '12
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has criticized India for banning exports of cotton and termed it as against the international trade norms.

He said all cotton trade agreements, took place prior to the export ban, have been held back Indian exporters and dishonouring their commitments.

Mohsin deplored that the Indian government's trade policy was directed to undue favours to its textile industry, particularly spinners, over the interests of farmers. Unfortunately, he said, the farmers have not been given due consideration in policymaking.

He said APTMA has always been critic to any such move either within or outside the country and prefers to stick to fair play. He further said that APTMA takes cotton farmers as backbone of industry and a partner in growth. That is why, he added, APTMA has never supported intervention to free market mechanism even in worst circumstances and opposed always a ban on cotton export. Textile industry is not as selfish as in India and it takes farmers as part of their community, he asserted.

Mohsin recalled that APTMA had objected a recent move of Trading Corporation of Pakistan, trying to procure cotton bales on whims of a few unscrupulous elements. He said APTMA objected the move forcefully and the government agreed with its point of view that a second buyer of cotton always exists in the form of international market.

He said Pakistan textile industry was competing in highly odd circumstances including energy crisis, high bank mark up and sluggish trends in the international market but still it is supportive to the idea of free market mechanism. He said APTMA further expects from regional partners and competitors that they would also follow the trade principle to promote healthy competition in the region.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Larry L Kinn
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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