Power Crisis - APTMA tells members to cut investments in textiles
11 Apr '07
1 min read
All Pakistan Textile Mills Association (APTMA) members anticipate one of the worst power shortage crisis in the country, a bit too soon.
Hence, all the companies are avoiding further investments and have been guided to discontinue manufacturing and export activities in textiles and garment sectors.
Reportedly, APTMA did approach the Government on this issue, but to no avail, which has compelled them advise its members against additional investments in the sectors.
Experts have gone a step further in recommending enterprises to offer their factories to global buyers, which may help them survive and sustain.
Association insists that all mills in the vicinity of city areas and those in the suburbs be transformed into fisheries or livestock units, for better opportunities.
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