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Textile mills mull shifting base

12
Oct '09
The persistent, electricity and gas shortages in Pakistan are forcing the textile mill owners to shift operations outside the country. Earlier in the year, a delegation had visited Bangladesh, to explore possibilities of shifting to that country.

The biggest impact according to experts from the sector has come on exports, as importers are not willing to take chances, on the premises that shipments could get delayed, due to the impact of these twin and important utility shortages.

As per unofficial sources, around 15 percent textile units had been shifted so many more were considering the option to do so and if the shortages are not addressed within the next few months, many more could actually shift, added the source.

The textile sector, which accounts for 54 per cent of the country's total exports, has been going through depressing times since the last two years. The sector has also had to contend with a bad law and order situation and high mark ups.

Fibre2fashion News Desk - India


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