Home / Knowledge / News / Textiles / Power-loom sector in a hitch
Power-loom sector in a hitch
15
Jun '10
Electricity shortage in the power-loom industry and increasing raw material exports to China are impacting the operations of the power-loom industry. Due to this, the strong power-loom sector of Pakistan has started trembling, with a number of power-loom units closing their shutters.

In this regard, an expert said that, the power-loom units are witnessing closure since a year, leaving around 50,000 workers without jobs. The overall textile exports of Pakistan stands at around $10 billion, while last year there was a loss of about $5 billion in the power-loom industry of the country.

The issues such as economic crises, shortage of electricity and exports of yarn are taking toll on the power-loom industry, discouraging the industrialists as well as rendering workers without jobs, thereby, forcing them to end their lives.

About 30 million kg of yarn per year was exported to China from Pakistan till last year, but this volume increased to 80 million kg and is still increasing, on account of the rising demand from the Chinese market, due to its expansion, and better price offers for yarn exporters from the respective market.

Power-loom industry has been urging the government since a year to take remedial measures in this regard, but no substantial steps have been taken as yet, grieved industrial experts. Although, the government has recently imposed 15 percent duty on yarn exports and has re-scheduled the electricity load-shedding, industrialists are still facing challenges.

According to the expert, such an imposition of a regulatory duty will not help much to the industry. Therefore, more steps should be taken by the government to trim down these exports. Unemployment and crisis in the industry have spoiled the lives of a number of industry workers, driving them towards complete disaster.

The textile industry of the country recently staged a strike for weeks to protest against the policies of the government and the imposition of new duties on industry, which has further increased the crisis.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
March 2017

March 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