Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / APTMA hopes relief package will boost textile industry
APTMA hopes relief package will boost textile industry
14
Sep '15
All Pakistan Textile Mills Association Chairman S M Tanveer has said that he is hoping that the approval of a timely relief package by Prime Minister Nawaz Sharif would lead to resurgence of the beleaguered textile industry and reaping the socio-economic benefits for the country through a strong textile industry, the Pakistani media has reported.

"A billion dollar investment for structural balancing, earning precious foreign exchange to get rid of the lending agencies, employment creation and consequent revenue generation would be the immediate socio-economic benefits of a textile industry on strong footing" he stressed.

The APTMA chief thanked the Prime Minister for holding a detailed meeting with textile industry associations to finalise a relief package in context of the high cost of doing business and relating issues.

Tanveer said that group leader APTMA, Gohar Ejaz presented a facts and figures based joint view of the APTMA, Pakistan Textile Exporters Association and Denim Manufacturers Association , which represent the export of yarn, fabric, died fabric, Denim fabric and home textile. The presentation of the APTMA group leader was very impressive and it was appreciated by all the textile industry associations as well as the government.

He said the cost of doing business has escalated 15 per cent due to the overvalued Pak rupee and non-transfer of reduction of oil prices. Consequently, around 35 per cent textile production capacity has become impaired throughout the Country.

Tanveer also said the APTMA has proposed zero rate regime for textile industry, extension of Long Term Finance (LTF) scheme for ginning and spinning industry, exports refinance facility to the entire textile value chain on deemed export basis including spinning and weaving sub-sectors, announcement of 5% export incentive to capture non-traditional markets, special electricity tariff for textile industry and strengthening of domestic commerce by introducing Tariff/NT measures for countering informal trade and dumped imports.

The APTMA chief said that the textile industry is all set to invest one billion dollar every year subject to help of the government for the enabling environment in the country. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

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

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search