Home / Knowledge / News / Textiles / Chairman APTMA blames India for negating spirit of SAARC
Chairman APTMA blames India for negating spirit of SAARC
28
Jan '11
Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz has blamed the Indian government for negating the spirit of the South Asian Association for Regional Cooperation (SAARD) objectives by distorting the principle of free market mechanism on cotton trade.

He said the latest condition of registration for export of cotton by the Indian government has supplied the vehicle to the Indian cotton merchants to wriggle out of the contracts of one million cotton bales to Pakistan, tantamount to distortion in the regional trade. Banning cotton export by the Indian government appears an imprudent decision in the light of the fact that India is currently carrying a surplus of 5.5 million cotton bales, he added.

According to him, denial from the Indian merchants to ship cotton to Pakistan after the Indian government's intervention to the free market mechanism is not less than an 'engineered default' and dubious quota allocations to irrelevant persons, as reported in the Indian press, also hurts the financial interests of Indian cotton farmers at large. This situation is enough to draw a conclusion that why the Indian farmers have been opting for committing suicides in the past, he added.

Gohar feared that delay in shipment of cotton to Pakistan would have far reaching negative impact on regional trade. He said the ulterior motives of Indian policymakers are open to everyone now, trying to bail out Indian cotton merchants, who had contracted deals with Pakistani importers on low price, on the one hand and benefit the Indian textile industry on the other by shifting cost to the cotton farmers.

Chairman APTMA said the SAARC objectives clearly state that the member states would work to accelerate economic growth, social progress and cultural development in the region and to provide all individuals the opportunity to live in dignity and to realize their full potentials. He lamented that the latest distortion to free market mechanism by the Indian government on cotton trade suggests that India was not serious in honouring the SAARC spirit.

Chairman APTMA said the Indian merchants should honour the cotton deals with Pakistani exporters and the Indian government should ensure immediate shipment of cotton to Pakistan in the larger interest of bilateral trade of two neighbouring countries.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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