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

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Accord, Alliance to leave Bangladesh in 2018

Apparel/Garments | On 24th Oct 2017

Accord, Alliance to leave Bangladesh in 2018

Accord and Alliance, the two western buyers' platforms working to...

Gujarat govt announces bonus for cotton farmers

Textiles | On 24th Oct 2017

Gujarat govt announces bonus for cotton farmers

The Gujarat government has announced a bonus of Rs 100 per 20 kg for...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Akta Adani
India Boulevard

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

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
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

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
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

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
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


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