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

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

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

Larry L Kinn
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
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



X