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'APTMA vouches for free market mechanism' – Gohar Ejaz
31
May '11
Mr Gohar Ejaz
Mr Gohar Ejaz
“APTMA will ensure that free market mechanism should provide international prices to the cotton farmer which helps the whole sector, unlike India which has let down both the farmers and the textile industry, said the Chairman of All Pakistan Textile Mills Association (APTMA), Mr Gohar Ejaz.

APTMA is one of the most influential textile bodies in Pakistan and represents the organised spinning, weaving, and composite mills sector totaling to 396 textile mills. The total installed capacity of APTMA member mills amounts to 9.66 million spindles, 61,608 rotors, 10,452 Shuttleless/Airjet Looms and 1,897 conventional looms. The Association's members produce spun and open-end yarn, grey, printed dyed fabrics and bed linen.

Speaking to fibre2fashion, he informed, “It has been the best year ever for our farmers and textile mills because we have had a 40 percent year on year growth in textile exports and our farmer has got 100 percent more on his produce, than last year. Not even a single bale of cotton is left on the farm.

“APTMA will ensure that free market mechanism should provide international prices to the farmer which helps the whole sector unlike India which has let down both the farmers and the textile industry. APTMA has clearly informed the government about a three million cotton bales shortage, but we will still continue exports, so that the farmer is ensured international prices.

“We, the textile mills, buy at international prices and sell all our produce at global prices in the world market and have been successfull. Inspite of the free market and the three million bales cotton shoratge, 500,000 bales were exported, because Pakistani textile industry bought cotton at international price, which did not leave room for our farmers to be unhappy.

“We are expecting a record 50% growth in cotton production this year because of this policy of APTMA and the government because we did not want to protect the downstream textile sector, but we wanted to protect the farmers.

“For the first time in 60 years, APTMA has come forward to make the farmers and the downstream avlue-added textile industry gather on the same platform and now that the prices have come down, it is doing wonders for the industry”, he winded up by saying.

Fibre2fashion News Desk - India


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