Home / Knowledge / News / Textiles / APTMA chalks out long-term textile sector growth plan
APTMA chalks out long-term textile sector growth plan
12
Dec '13
In view of benefits expected to flow from the attainment of the Generalized System of Preference (GSP) Plus status from the European Union (EU), and strong positive trends in international market, the textile sector of Pakistan has chalked out a long-term growth plan for the sector, said All Pakistan Textile Mills Association (APTMA) central chairman Yasin Siddique while briefing media during a press conference in Lahore.
 
The plan dubbed as the ‘Vision’, aims at boosting the sector’s exports from the current US$ 13 billion level to US$ 26 billion over next three to five years and then further boosts it to US$ 40 billion over next 10 years, thereby ensuring a surplus trade balance for the national economy.
 
Mr. Siddique said a high duty levy of around 23 percent on its exports to Europe, has not allowed the Pakistani textile sector to significantly increase its exports to the European market over the past few years, but now it shall ease as Pakistan will earn the zero-duty access for textile exports to EU markets, like other competing countries, which already enjoy tax-free access.
 
However, the APTMA official noted that it would not be possible to attain textile export growth unless the industry is facilitated with uninterrupted and satisfactory power and gas supply, to allow the textile units to operate round the clock. 
 
APTMA international trade committee head Aamir Fayyaz Shaikh said Pakistani textile industry has a good potential for export growth and employment generation, however it seeks an equal level playing field with other competing countries to give out its best.
 
APTMA Punjab chairman SM Tanveer voiced optimism that they would convince Punjab Chief Minister and Petroleum Minister to provide at least 100 mmcfd gas to textile industries.
 
The APTMA management has decided to present the plan to Prime Minister Nawaz Sharif, who is expected to remain present during the APTMA annual dinner at Governor House in Lahore on December 14, 2013.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Suresh Patel
Sidwin Fabric

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search