Home / Knowledge / News / Textiles / Indo-Pak cricket match may hurt textile sector - APTMA
Indo-Pak cricket match may hurt textile sector - APTMA
20
Mar '12
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has urged the government to ensure uninterrupted power supply to textile industry during the final of Asia Cup on March 22 unlike March 18 cricket match of Pakistan and India, causing an estimated $15 million loss to textile industry due to 10 hours long electricity shutdown of industry on independent and grouped feeders.

He lamented that putting off electricity supply to industry to entertain cricket fans speaks volumes about government's priority towards industrial development of the country.

Chairman APTMA said the entertainment is though an important segment of a healthy society but having it at the cost of industrial production is not understandable.

According to him, power supply to the textile industry remained suspended countrywide for 10 hours on Sunday due to a pool match between cricket teams of India and Pakistan.

The government had desired uninterrupted power supply during cricket match. Accordingly, the power authorities suspended power supply to industrial units countrywide.

Chairman APTMA said the textile industry was already underperforming due to unprecedented energy crisis in the country since November 2007, leading to 40% capacity closure with a contraction of exports by 15-20% apprehended to be at $12 billion instead of $16 billion achieved in the preceding year.

Mohsin criticized the economic managers for their indifferent attitude towards industrial growth of the country. Eventually, all efforts to attain market access from the European Union prove useless in the face of non-serious attitude of government policy makers, he deplored and said that market access can only be availed if export surplus is available with industry out 365 days a year production cycle.

He said the government should make clear whether it was serious in giving priority to the textile industry or not, as all concerns put forward by the State Bank of Pakistan in its periodic reports on sluggish economic output become meaningless when power supply to industry is suspended for unproductive activities.

Chairman APTMA has expressed fears that the textile millers would be left with no option but to close down their businesses if this non-serious trend of continues. The government should give priority to industry on entertainment, as entertainment with empty stomachs is a bane not boon for any society on earth, he concluded.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search