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

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

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

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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