Home / Knowledge / News / Textiles / $125mn loss to Punjab textile sector from energy crisis
$125mn loss to Punjab textile sector from energy crisis
27
Dec '12
APTMA spokesman has said that textile industry in Punjab has incurred production loss of $125 million since disconnection of electricity and gas supply over the last five days.

The textile industry in Punjab is losing $25 million a day due to capacity closure. The uncertainty level is on the rise and the industry is suffering badly due to its bad image on delivery of foreign orders.

It is quite unprecedented in the history of textile industry that mills are being deprived of energy supply altogether. The energy constitutes 35 percent of the conversion cost in spinning, weaving and processing mills.

But no energy is available for either self-generation or through the system on independent feeders. The Punjab-based textile industry has entered into fifth black day due to non-availability of energy supply to the mills.

There is rampant order cancellation and textile mills are facing acute liquidity crunch with every passing day. The industry cannot sustain with workers burden unless production activity starts up.

The textile industry has already laid off one shift of workers and more will be shown the door if the Ministry of Water & Power failed to restore electricity supply to the industry.

The textile workers are planning to hold a strike throughout the province of Punjab on 28th December that may lead to law and order situation.

All Pakistan Textile Mills Association

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

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

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

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

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

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