With continuous increase in the crisis of yarn, spinning industry and value-added textile industry have decided to put back their disparity and solve their issues through discussions, with an aim to present to the government, a joint textile industry revitalizing scheme.
Last week, Prime Minister, Yousuf Raza Gilani, personally interfered and directed the Textile Minister, Rana Mohammed Farooq, to bring the two sectors at war together and thereby, bring finish the nine-month old yarn crisis, which has adversely affected the exports of textiles of the nation.
Prime Minister also expressed his dejection over the speedy and constant changes that occurred in the yarn export policy, which had further deepened the crisis, instead of solving the same.
As for the Textile Minister who was avoiding meeting members of All Pakistan Textile Mills Association (APTMA) was directed to contact APTMA Punjab Chairman, Ejaz Gohar and conduct a meeting with the entrepreneurs of the value-added segment.
Hence, Senior Punjab Minister, Raja Riaz, was urged to coordinate with the Minister for Textile and a meet was immediately arranged between members of the garment sector and APTMA at the office of the Garment City, Gulberg, Lahore.
Earlier this year, owing to disparity between the two sectors, Rs 33 billion in subsidies under the textile package was withdrawn. And therefore, the Textile Minister, Rana Farooq advised both the parties to work in peace.
On the other hand, Prime Minister was being pressurised from this region, which is a cotton growing belt, to solve the yarn crisis, before harvesting speeds up. The stakeholders too have opposed the step of bringing yarn prices at par to that of cotton.
Fibre2Fashion News Desk - India
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