Home / Knowledge / News / Textiles / Textile body APTMA concerned over decline in exports
Textile body APTMA concerned over decline in exports
31
Mar '12
Mr Mohsin Aziz, Chairman of All Pakistan Textile Mills Association (APTMA) has expressed concern over continuing decline in exports since last two quarters of current fiscal.

He said textile exports in quantity terms have dropped by over 30% in the month of February comparing with corresponding period.

He said it was only first quarter of current fiscal year when textile exports showed steady growth which was due to the BMR in the previous year which had brought in hope of achieving $16 billion exports by the end of end of current fiscal. However, the latter two quarter results are quite dismal and exports are consecutively showing declining trend since October 2011 till date.

Chairman APTMA said exports of cotton cloth, knitwear, bed wear and readymade garments are down on an average by 31%, 36%, 31% and 19% respectively in quantity terms since November and dreams of attaining $16 billion exports target in 2011-12 is unlikely to materialize by the end of fiscal year. On the contrary, the exports of previous year which were $14 billion will also not be achieved and the year may end up with meager $12 billion.

It is only raw cotton exports registering growth, which unfortunately is agriculture crop with no value addition until being processed through value-added textile chain, he said.

He said energy shortage was the prime cause of decline in exports, as 40% of production capacity of textile industry is dysfunctional due to short supply of electricity and gas.

According to him, the textile industry based on independent and grouped feeders are facing serious setback due to load constraints and shut downs for four to eight hours a day. Resultantly, he said, textile industry has failed to produce export surplus and is not likely to meet $16 billion exports and is likely to close the year at $12 billion exports.

Even, the European Union trade concessions will not bring in any desired results and effort would also go waste as we are not producing export surplus to be able to achieve new market access due to consecutive and frequent closures and shut down the mills are still facing financial losses out of proportion their abilities. The banking sector is reluctant to come up and extend helping hand and industry is now facing severe liquidity crunch.

Also, he said, the textile industry in Punjab has witnessed 61 days gas closure since December 27 till date and the federal government has recently restored five days a week gas supply from March 26. But still the APTMA member mills are complaining about low pressure and much more is needed to be done to ensure uninterrupted gas supply to textile mills.

Chairman APTMA said the warning regarding consecutive drop in exports and the health of textile sector is being taken up by APTMA at various forums. However, no is the time that the repair has to be made otherwise irreparable loss to properly assets, as mills will close down bringing exports to further decline.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

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

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search