Home / Knowledge / News / Textiles / Put fabric import from Dubai in negative list: PYMA
Put fabric import from Dubai in negative list: PYMA
29
Apr '16
The Pakistan Yarn Merchants Association (PYMA) has reiterated its demand for a government crackdown on fabric import from Dubai.

Pakistan Yarn Merchants Association (PYMA) Central Chairman Muhammad Usman on Thursday urged the government to put fabric import from Dubai on negative list, as there are no weaving/knitting factories in Dubai.

To resolve the conflict over imposition of regulatory duty on polyester filament yarn, he suggested that fabric imports from any part of the world should be allowed under legal channel, which included Letter of Credit (LC) or Documents Against Payments (DP), whereas payments via banking channels could save the local downstream industry.

Usman said local makers of polyester filament yarn can only meet 25 per cent of the downstream industry’s demand, while remaining 75 per cent of the requirement is met through imported yarn.

Despite the fact that an investigation was currently underway by National Tariff Commission to review the anti-dumping duty, some manufacturers were lobbying to ensure imposition of regulatory duty, which might result in the collapse of weaving and knitting industry, he said.

Usman warned that these attempts by local manufacturers would put the entire weaving and knitting industry in a grave situation by increasing the cost of yarn, thus making the entire downstream industry uncompetitive.

“This will also increase the cost of yarn and fabric, thus making the entire downstream industry uncompetitive,” he added. “The results would be disastrous for the exports, which are already suffering on account of high energy costs.”

He said that few local manufacturers were making attempts to monopolise in order to gain short-term benefits at the expense of large downstream sector, which was the backbone of the country's economy.

The PYMA Chairman pointed out that an anti-dumping duty of 18 per cent was imposed on imported filament yarn from Thailand, Malaysia, Korea and Indonesia in 2005 and at that point in time, a total of 17 local yarn manufacturers were operating, whereas this raw material was not being imported from China.

Despite improving the situation, the measure proved to be counterproductive as during the last 8 years since the imposition of anti-dumping duty, the number of local manufacturers had reduced to just four units while the market share had also shrunk drastically, he added. Usman suggested that a long term solution for dealing with these serious issues was to modernise and upgrade plants of the local manufacturers to enhance their production capacity. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Akta Adani
India Boulevard

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

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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