Home / Knowledge / News / Textiles / Hike in power tariff will hurt textile industry: APTMA
Hike in power tariff will hurt textile industry: APTMA
21
Aug '13
The All Pakistan Textile Mills Association (APTMA) has said that the abrupt rise in power tariffs, pursuant to the new energy policy, will hurt the country’s textile industry.
 
Under the new National Energy Policy 2013-18, the power tariff rates for textile industry have been hiked from Pk Rs. 9.18 per kilowatt hour (KWh) to Pk Rs. 14.82 per KWh since August 2013, which has badly affected the efficiency of the textile industry, particularly in Punjab, where around 70 percent of the textile units of the country are concentrated, APTMA Punjab spokesperson said.
 
The recent hike of around 61.32 percent has pushed up the electricity rates for Pakistani textile industry to nearly 14.4 cents, much above the average below 10 cents rate prevailing in the South Asian region.
 
Power tariffs in India, China, Bangladesh and Sri Lanka prevail at around 11.3 cents, 8.5 cents, 7.3 cents and 9.2 cents, respectively. 
 
Also, the rate of interest that Pakistani textile entrepreneurs pay is high at 9 percent, as compared to 7.25 percent in India, 6 percent in China and 7.75 percent in Bangladesh.
 
According to the APTMA representative, hike in power tariffs would greatly hurt the textile industry in Punjab, which is already enduring high power tariff as compared to other provinces in the country.
 
The continuing power crisis, high power tariffs and interest rates, and spiralling labour costs would cause the textile industry to lose its potential of earning about US$ 13-14 billion per year in exports, directly impacting employability and economic growth, he said.
 
APTMA thus called on the Government to immediately review the situation and accordingly either rollback the tariff hike or let it continue after significantly reducing the interest rates so that the growth and labour productivity are not impacted.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

August 2017

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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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