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Non-availability of yarn leads to closure of powerlooms
02
Mar '10
Khaliq Qandeel Sindhu Secretary General of All Pakistan Powerloom Association, held that unavailability of reasonably priced cotton yarn has resulted in closure of about 60,000 powerlooms in Multan and adjoining areas, while rendering more than 1,25,000 workers jobless.

According to him government overlooked the value-added sector, which brings in about 60 percent of the aggregated foreign exchange. He also remarked that the wrangle amongst the two sections of the textile sector, namely the spinners and value-added sector over availability of cotton yarn in the country has yet not been resolved.

He blamed the spinners from All Pakistan Textile Mills Association (APTMA) of indulging in unjust play, as they exported cotton yarn amounting to 55,281 metric tons, disregarding the ceiling imposed by government through a notification issued in January capping the exports at 50 million Kg per month.

Discussing the future strategy he held that they have already brought the facts to notice of government and now it is up to the government as to how it proceeds in this regard. APTMA ruled out the allegations while claiming that there is no substance in the contention that spinners were exporting cotton yarn by violating government norms.


Fibre2fashion News Desk - India


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