Home / Knowledge / News / Textiles / APTMA's Punjab chief accuses India of 'economic war'
APTMA's Punjab chief accuses India of 'economic war'
05
Oct '15
With Pakistan's textile industry in troubled waters, the Punjab unit of the All Pakistan Textile Mills Association (APTMA) has accused India of waging 'an economic war' by targeting the textile industry in Pakistan, according to newspaper reports in the country.

"The textile industry is the largest industrial base of Pakistan and India has targeted it," APTMA Punjab unit's new Chairman Aamir Fayyaz said in a press conference in Lahore. Among the audience was the outgoing central Chairman, SM Tanveer.

He also deplored the delay in announcement of promised textile package by the government. This, he alleged, has led to a transfer of Pakistani textile jobs to India which is dumping its textiles into Pakistan's unprotected textile market.

Fayyaz said, "India has imposed a 28 per cent import duty on yarn from Pakistan against five per cent here in Pakistan on the Indian yarn. As a result, we're closing down at the cost of Indian incentives for its textile industry. The Indian government has spent $66 billion investment on its textile industry under the Technology Up-gradation Fund Scheme besides many other incentives."

He also said his association had clarified to government policymakers that Pakistan's textile industry could never compete with the Indian government.

“The high cost of doing business has led to the closure of some 15 textile mills so far. Thousands of workers have been laid off so far and this situation amounts to the murder of jobs. The association has engaged the government since August but no tangible relief has so been announced. We've met the federal finance minister in August followed by a detailed meeting with the Prime minister in September. The announcement of a textile package has already been too late and fears are piling up that it could also be too little," he said.

He claimed that the high cost of energy had jeopardised the textile industry. "We are getting electricity at 14 cents against 9 cent in India. The government has shifted system losses and non-recovery of bills to the textile industry, which is operating on the independent feeders."

Fayyaz urged the government to remove all such burdens on the textile industry and ensure availability of electricity and gas in winter. "Textile exports should also be freed from innovative taxes, having an accumulative impact of five percent."

He said exports are universally zero rated but in Pakistan the textile exports are subjected to different taxes and levies that have reached 5 per cent of the export value. These taxes, he claimed, were not being refunded. He said India, China and Bangladesh provide generous rebate on textile exports that cover all taxes, even those paid during manufacturing and transportation. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Courtesy: Pexels

Apparel/Garments | On 18th Oct 2018

Myanmar’s CMP garment export earnings $2.2 bn in Apr-Sept

In the six-month April -September mini budget this year, earnings...

Interviews View All

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


October 2018

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

news category


Related Categories:

Advanced Search