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PTEA urges govt to subsidize alternative fuels

12
Dec '11
The Pakistan Textile Exporters Association (PTEA) has urged the Government to provide alternative fuels to textile units at subsidized rates, to enable the country's textile exports to withstand competition in global markets.

Arif Tauseef, Chairman of PTEA, said textile industries in the country are facing all odds and striving to maintain the growth momentum of the economy. However, in the absence of adequate gas supply, they are being forced to use alternative fuels, which are four times costlier, he added.

He stated that textile industry was a major foreign exchange earner for Pakistan and demanded that it should be given priority in gas supply.

He said adequate gas supply was a must to run the textile industry, and it is difficult to imagine the functioning of the industry without it. The textile industry was currently operating on thin margins and hence, it cannot afford to continue production on costlier alternative fuels.

He said some vested interests are demanding that priority be given to the fertilizer industry over the textile sector. He stated that such a demand is unreasonable as the needs of the country's most important industry – in terms of labour intensiveness and foreign exchange earnings – cannot be sacrificed for the benefit of cost-intensive and low-employment industry.

The PTEA Chairman added that the present economic situation demanded that the Government's priority should be to protect millions of jobs by ensuring adequate gas supply to the textile industry.

Fibre2fashion News Desk - India


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