Home / Knowledge / News / Textiles / Regular power & gas supply may fetch higher textile export earning

Regular power & gas supply may fetch higher textile export earning

05
Feb '11
Rana Farooq Saeed Khan, Minister for Textile Industry recently said that, if the textile sector gets regular electricity and gas supply, it can bring in US $16 billion to the country's economy by way of export earnings. Even with this unstable power supply, he said, the sector is certain to earn at least $13 billion.

An efficient load management plan has helped the textile industry to register growth, and thereby support the operations of the power loom sector, in spite of the power crisis, he said.

He further stated that, the Turkish officials have been contacted to avert the imposition of anti-dumping duty on export of textile items from Pakistan.

The Minister further said that, the Turkish Prime Minister, while on a visit to Pakistan, last year assured that they would work out and strengthen the mutual trade, and that if this duty imposition happens, it may cause Pakistan to lose millions of dollars in its export of textile items to Turkey.

He stated that, Turkey too will have to bear heavy losses, as it too will be required to pay high cost for importing textiles and garments from other countries, as Pakistan now exports superior quality textile products to Turkey at reasonable prices, than those offered by other countries in the region.

Pakistani Foreign Minister Shah Mehmood Qureshi along with the Commerce Ministry and Pakistan's High Commissioner is trying hard to shield the country against such anti-dumping duty imposition, Rana said.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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


July 2021

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


Advanced Search