Home / Knowledge / News / Textiles / APTMA says 'NO' to reduce yarn export ceiling
APTMA says 'NO' to reduce yarn export ceiling
08
Feb '10
Demand made by the value-added textile sector, to reduce the figure of cap on exports of yarn by making amendments in the SRO of Jan 14, 2010 issued by the Ministry of Commerce, has been rejected by the All Pakistan Textile Mills Association (APTMA).

Mr. Yasin Siddik, Vice-Chairman APTMA stated that prices of made-ups in global market witnessed 15 percent price hike, since the time the value-added textile sector raised this demand, also the dollar-rupee parity has changed from Rs. 82 in the month of October to around Rs. 85, at present.

The made-ups sector witnessed a good number of orders at better prices in 'Heimtex fair,' recently conducted at Frankfurt, and during past three months the industry has not experienced any closure, he added.

The ceiling on yarn exports had been set, following the discussions held with the relevant Ministries, including the Senate standing committee on Textiles, informed the Vice-Chairman.

He further said that value-added sector made this demand to put pressure on the spinners for gaining yarn at low prices and on easy payment terms. Banks should be notified to offer export-refinance against finished goods and raw materials, to ensure that textile sector can access cheaper funds, demanded Mr. Siddik.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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