Home / Knowledge / News / Textiles / Foreign Minister for release of cotton to Pakistan by Indian Govt
Foreign Minister for release of cotton to Pakistan by Indian Govt
17
Jan '11
Pakistan Foreign Minister Shah Mahmood Qureshi, on the request of Ministry of Textile Industry and All Pakistan Textile Mills Association (APTMA), has asked the Indian government to ensure early shipment of one million cotton bales of Pakistani importers stuck up in India since last three months due to the 'doctored default' by Indian exporters, reluctant in fulfilling the contractual obligations.

Minister for Textile Industry Rana Farooq Saeed and Chairman APTMA Gohar Ejaz called on the Foreign Minister and apprised him of the matter and hardships facing the textile industry on account of delay in the shipment of one million cotton bales subsequent to intervention in cotton trade by the Indian government.

In October 2010, the Indian government made it mandatory for all cotton exporters to obtain Registration Certificate for export despite the fact that India had an exportable surplus of about 8 million bales, they briefed the Foreign Minister.

Most of the contracts with Indian exporters took place in September 2010 for shipment in November 2010 at around the price range of $0.80 to $1.00/lbs, they said, adding: Pakistan imports 3.5 to 4 million bales of cotton annually out of which about 1.5 million bales are imported From India.

The Indian government released a quantity of 5.5 million bales to be exported from November 1, 2010 till December 15, 2010. It is important to point out that the price of raw cotton in the international market increased from $0.80 to about $1.45/lbs during this period. The condition for Registration Certificate has given the Indian suppliers an opportunity to back out from the cheaper contracts on the pretext that they could not obtain certificates within the stipulated time.

Chairman APTMA Gohar Ejaz stressed the point that APTMA is not interested in pursuing the option of arbitration before the International Cotton Association (ICA) and expects a positive gesture from India on reciprocity basis after permission of onion exports to India by the Pakistan government.

Chairman APTMA urged the Foreign Minister to convince the Indian government for shipment of stuck up cotton of Pakistani importers on priority basis.

The Foreign Minister Shah Mahmood Qureshi telephoned his Indian counterpart to look into the matter besides sending him a written communiqué.

All Pakistan Textile Mills Association (APTMA)


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Subhashini Srinivasan
The S Studio

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

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

February 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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

Active Poll

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

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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