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Spinning industry would face hard times- APTMA
02 Dec '09
1 min read
All Pakistan Textile Mills Association (APTMA) anticipated that the spinning industry would be hit hard if the Ministry of textiles takes a decision to reduce export volume of cotton yarn.
The spinners were apprehending that the pressure from value-added sector would result into quota fixation, duty imposition or ban on exports, said Mr. Anwar Tata, Central Chairman of APTMA, in a press conference.
The government would probably impose quota restriction on the spinners to pacify the exporters of value-added products, who are strongly opposing the free exports of cotton yarn from the country which increased by 34 percent in last one month.
The textile minister asked APTMA to find out a feasible solution on the problem, informed the APTMA Chairman in the press conference.
He further pointed that cotton yarn exports cannot be restricted under the free market economy and such restriction would affect the textile industry harshly.
The spinners were apprehending that the pressure from value-added sector would result into quota fixation, duty imposition or ban on exports, said Mr. Anwar Tata, Central Chairman of APTMA, in a press conference.
The government would probably impose quota restriction on the spinners to pacify the exporters of value-added products, who are strongly opposing the free exports of cotton yarn from the country which increased by 34 percent in last one month.
The textile minister asked APTMA to find out a feasible solution on the problem, informed the APTMA Chairman in the press conference.
He further pointed that cotton yarn exports cannot be restricted under the free market economy and such restriction would affect the textile industry harshly.
Fibre2fashion News Desk - India
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