Home / Knowledge / News / Textiles / Textile sector to be freed from gas load shedding – PTEA
Textile sector to be freed from gas load shedding – PTEA
02
Nov '10
Government should free the export-driven textile factories from gas load shedding so that they can retain their competitive edge in the global market. This was revealed by Pakistan Textile Exporters Association (PTEA) Chairman, Waseem Lateef and Vice Chairman, Adil Manzoor Ellahi as they opposed the government's proposal of three-day gas supply closure for textile units.

If the proposal is executed, it would cause a loss of three million dollars per week to textile exports, and would compel the textile units to discharge around 30 percent of their workforce, they stated.

Fearing the negative effects of reduction in industrial production leading to failure in timely delivery of shipments, they stated that, the textile exports have already been under stress on account of the rising cost of raw materials coupled with a hike in overhead prices, and now this gas load shedding has caused serious damage to the existing situation. They further stated that, the production cut is likely to threaten millions of jobs in Faisalabad alone.

Lateef stated that, continuous gas supply is very much needed to keep the factories functional. He also added that, majority of the factories have already closed down and rest of them too may not be able to continue functioning with such interrupted gas supply.

Both the officials together urged the government to initiate all possible measures to find a solution to the issue, as it won't be possible to attain any textile export targets without settling these problems. Also they requested the government to give the textile sector a preferential treatment, to save this sector and the country's economy.

Fibre2fashion News Desk-India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Karan Arora
Karan Arora

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

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

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X