Home / Knowledge / News / Textiles / Power-loom sector in a hitch

Power-loom sector in a hitch

15
Jun '10
Electricity shortage in the power-loom industry and increasing raw material exports to China are impacting the operations of the power-loom industry. Due to this, the strong power-loom sector of Pakistan has started trembling, with a number of power-loom units closing their shutters.

In this regard, an expert said that, the power-loom units are witnessing closure since a year, leaving around 50,000 workers without jobs. The overall textile exports of Pakistan stands at around $10 billion, while last year there was a loss of about $5 billion in the power-loom industry of the country.

The issues such as economic crises, shortage of electricity and exports of yarn are taking toll on the power-loom industry, discouraging the industrialists as well as rendering workers without jobs, thereby, forcing them to end their lives.

About 30 million kg of yarn per year was exported to China from Pakistan till last year, but this volume increased to 80 million kg and is still increasing, on account of the rising demand from the Chinese market, due to its expansion, and better price offers for yarn exporters from the respective market.

Power-loom industry has been urging the government since a year to take remedial measures in this regard, but no substantial steps have been taken as yet, grieved industrial experts. Although, the government has recently imposed 15 percent duty on yarn exports and has re-scheduled the electricity load-shedding, industrialists are still facing challenges.

According to the expert, such an imposition of a regulatory duty will not help much to the industry. Therefore, more steps should be taken by the government to trim down these exports. Unemployment and crisis in the industry have spoiled the lives of a number of industry workers, driving them towards complete disaster.

The textile industry of the country recently staged a strike for weeks to protest against the policies of the government and the imposition of new duties on industry, which has further increased the crisis.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 10th Apr 2020

€5-mn EU emergency fund for Myanmar garment workers

In solidarity with Myanmar and the workers at risk in the garment...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Govt exempts PPE, face mask import from customs duty

Considering the immediate requirement of personal protection...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Opportunity for India post-Covid-19: Wazir Advisors

Post-coronavirus, some brands will follow the strategy of...

Interviews View All

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


April 2020

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


Advanced Search