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Inadequate information provided via textile policy - PCGA
07
Aug '10
All efforts on part of the Ministry of Textiles, to justify before the stakeholders as to how the sum of Rs 40 billion of the Export Support Development Fund (ESDF) will be used for the sector's advantage, have failed.

The textile policy provides no elucidations on employment of these development funds, as also there is no specification on the sub sector-wise allocation and mechanism for fixing yarn prices where there are oscillations in markets worldwide, said Rana Abdul Sattar, Member of the Sindh Assembly and Patron-in-Chief of the Pakistan Cotton Ginners Association (PCGA).

He divulged that, the Ministry individually devised the policy on solitary basis without even referring to all the stakeholders of the textile industry like spinning, weaving, yarn, ginning and downstream value-added sector.

Rana advocated that the Textile Ministry should in collaboration with all the stakeholders; formulate a new textile policy, which will be effective for the next three years. This is mainly to ensure that all the stakeholders of the sector faithfully proceed in their work and could boost up the production as also the exports.

Another expert even opined that, the lowly policy of the Textile Ministry has brought down the exports volume from 65 to 55 percent in just two years. Where around $5-6 billion were invested for developing the infrastructure of the textile manufacturing sector, yarn exports contributed just $1 billion to the overall textile exports worth $10.46 billion, during 2009.

Fibre2Fashion News Desk - India

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