Fayyaz said more than 12 mills have been closed in the region and many have reduced the number of shifts leaving thousands of textile workers unemployed. He said that the textile industry of the Punjab region, which constitutes 70 per cent of the country's textiles, is facing serious issues like power cuts.
The actual cost of electricity notified is Rs 4.59 per unit but the government is charging Rs 14 per unit which is affecting the efficiencies in the textile industry, Fayyaz Sheikh said.
He also pointed out that data of the past four months showed a fall in textile exports in terms of value and quantity. The government had failed to fulfil its commitment of resolving textile industry issues by September this year and also did not revive the long-term textile policy against India, China, and Bangladesh.
While the share of India in the international textile market increased to 5 per cent from 3.4 per cent in 2006, and that of China increased from 27 per cent in 2006 to 40 per cent, and Bangladesh's share increased from 1.9 per cent in 2006 to 4 per cent, Pakistan's share has increased only from 1.6 per cent to 2.2 percent. (HO)
Fibre2fashion News Desk - India
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