Home / Knowledge / News / Textiles / APTMA sets up camp in Islamabad to resolve issues
APTMA sets up camp in Islamabad to resolve issues
10
Jul '12
Spokesman of All Pakistan Textile Mills Association (APTMA) has said that 22-members delegation of APTMA representing all regions under the leadership of Chairman APTMA Mohsin Aziz, along with Zonal Chairmen and Vice Chairmen, is setting up five days camp in Islamabad to resolve textile industry issues with the government.

While in Islamabad, the APTMA delegation will call on President, Prime Minister, ministers for Textile Industry, Water & Power and Petroleum & Natural Resources.

The spokesman said as many as 57 textile mills prime users of electricity on independent feeders having hardly 135MW load, have been subjected to six to eight hours industry load shedding causing to one shift layoffs since last 60 days.

He said the government, in view of the severe electricity shortage, had asked APTMA to cooperate, which it did at the cost of layoff of 150,000 workers. The APTMA delegation will call on the Minister for Water & Power with a plea that the textile mills on independent feeders should be exempted from load shedding.

APTMA spokesman said the APTMA delegation will also hold meeting with Minister for Textile Industry to represent way forward for growth and investment in textile industry under Technology Up-gradation Funds Scheme (TUFS) to mitigate the impact of high interest rates.

He said APTMA has already proposed to the government for 100 percent refinance for the export-oriented textile industry across the value chain including spinning and weaving industry. The loans of textile industry have touched to lowest ebb of 7% of Rs7 trillion, which amounts to hardly Rs500 billion mainly due to energy crisis.

The textile industry in Pakistan has been waiting on the sideline of energy crisis in the absence of textile policy initiatives by the government. While the textile industry in Bangladesh and India kept on growing with availability of funds at concessional rates as against around 14% in Pakistan since last four years.

However, he said, still the effort to control inflation through keeping high interest rate. Rather, it is destroying the economy as both growth and employment rate continued falling to below zero percent. The textile industry being export-oriented cannot export inflation, thus require a sector specific intervention for its growth, he added.

He further said that APTMA has proposed that either the government should reduce interest rate to 8% or extend the facility of 100 percent Export Refinance to the industry ahead.

APTMA spokesman has expressed the fear that both the investment and industry viability would be hit hard in there is no BMR of US $5 billion in next three years to maintain production capacity of $15 billion. He said last BMR took place back in 2005.

The regional competitors made new investment exponentially during this period through sector specific interventions. India did the same and achieved positive results to manage rising cotton crop and unemployment.


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Vasanth Kumar
Max Fashion India

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

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

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

Marten Alkhagen
Swerea IVF AB

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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