• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Duty on yarn exports could shut spinning mills

18 May '10
2 min read

Terming value-added textile sector's demand for Regulatory Duty imposition on exports of cotton yarn as an illogical demand, a spokesman of All Pakistan Textile Mills Association (APTMA) warns them about closure of the country's spinning mills.

He further added that, the value-added textile sector's demand for such a duty imposition when it is already procuring yarn at lower rates from the country's most efficient spinning sector, as compared to its immediate competitors such as India, China and Bangladesh, was irrational. More so, this is coming at a time when cotton prices are already at $0.95 per pound in the global market, said the spokesman.

It is not feasible for the spinning industry to bring in cotton at higher prices from overseas markets and provide yarn to the domestic ancillary industry at subsidized rates, he said, suspecting that the unscrupulous elements of the industry are providing wrong facts and figures to the Ministry.

According to data released by the Federal Bureau of Statistics, during the period January-March 2010, exports of value-added textile sector increased by 20 percent in terms of quantity as compared to 10 percent decline in yarn exports.

Regulatory Duty imposition on exports of cotton yarn will force around 70 percent of the spinning mills to witness closure, pointed the spokesman.

Around 60 percent of the value-added exports are manufactured from APTMA members with all sub-sectors including fabric, processed clothes, towel, knitwear, bed wear and woven garments. While many oppose restrictions on yarn exports, there are those, who have vested interests behind imposition of this restriction.

Fibre2Fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search