The All Pakistan Textile Mills Association (APTMA) has issued a warning of a going on a strike from March 18, if the Federal Government did not resolve the issue of cap on cotton yarn exports.
Anwar Ahmed Tata, Chairman, APTMA said that, they have decided to disassociate themselves from the Federal Ministry of Textiles, due to its discriminatory policies, and appealed to the President and the Prime Minister to provide justice to the textile spinning sector.
He considered the decision of the textiles ministry to reduce the quantitative restriction on export of cotton yarn without taking APTMA into confidence as illogical and that the decision to further restrict the cap on exports would result in distortion of entire textile value-chain.
He said that APTMA believes in free trade mechanism and the development of industry through efficiency, productivity and competitiveness and urged the government to review its policies and lift the cap on export of yarn in the best interests of the textile sector.
Fibre2fashion News Desk - India