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Spinners, value-added sector, Mintex withdraw to their dens

16
Jun '10
The Ministry of Textile and the spinning industry have finally withdrawn in to their dens and each is waiting for the opposite person's next step.

While industry experts are waiting for All Pakistan Textile Mills Association (APTMA) to take the first step towards policy reforms, the Ministry of Textile officials are content with the current situation, as repeated interference by them, has helped slump the yarn prices in the domestic market, despite an ascending move of the same, globally.

However, the third-party, in this multi-party negotiation, is the value-added sector, which is overjoyed. This is because, their aim to control the yarn prices, despite incurring heavy losses on their booked orders, when yarn prices were unexpectedly low, has been achieved.

However, neither the value-added sector, the Ministry of Textile nor the spinning sector are happy with the ongoing situation, therefore, indicating the absence of an all-party united policy.

Textile industry experts are of the opinion that, absence of an expert from the textile industry, within the Ministry of Textile set-up, is the main reason behind the politically-driven decisions.

According to these experts, absence of a textile-based personnel in the ministry, is leading to false and biased decision by the Ministry of Textile Industry, as one particular sector wins over the minister's sympathies, by providing the body with wrong facts and figures.

For instance, by agitating against the ministry's decision by staging protests, industry experts are of the opinion that, the power-loom and ancillary industry of Faisalabad have falsely exploited the political minds.

On the other hand, experts also believe that, both the spinning and value-added sectors have exploited the exporter's policies. They said that, the textile industry has been spoilt by the government throughout the industry's good and bad periods, thereby, leading to quick growth of unproductive textile managers across the sector.

Experts want that, the ministry as its primary task; promises to bring equality amongst all sectors of the industry, so as to avoid adverse affects on the country's exports, even though, going by the current situation, the ministry might not be in a position to bring about harmony between the spinners and the value-added exporters.

Fibre2Fashion News Desk - India


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