20:18:30 local time VIET NAM
* City outlines garment ambition:
Workers make clothes for export at Gia Dinh Textile and Garment JSC. HCM City’s authorities plan to push the garment and textile industry’s export turnover to $3.3 billion by 2015. — VNA/VNS Photo Thanh Vu
Authorities in HCM City plan to double the garment and textile industry’s export turnover by 2015 over the 2010 figure of US$3.3 billion.
The city, which sees the industry as one of its five key exports from 2011 to 2015, has asked manufacturers to expand production, improve product quality and find new markets.
In a report released on Tuesday, the Thoi Bao Kinh Te (Viet Nam Economic Times) said that most garment and textile factories had moved to rural areas, which there is a rich source of manual labourers.
In recent years, garment companies in HCM City have improved product quality and design by investing in advanced technologies.
20:18:30 local time THAILAND
* Global FDI expected to rise slightly this year; Asean, Thailand seen outperforming trend:
The United Nations Conference on Trade and Development (Unctad) forecasts this year’s global foreign direct investment will remain close to the 2012 level, with an estimated upper mark of US$1.45 trillion (Bt45.1 trillion).
Watcharas Leelawath, deputy executive director of the International Institute for Trade and Development, sees a gradual increase of 2 to 3 per cent in FDI around the world this year, resulting in around $1.4 trillion of investment.
The FDI inflow to – and not least, Thailand – is, however, expected to outperform this trend.
The inflow to
The region’s infrastructure, logistics and transportation are the main factors attracting investors.
Labour-intensive industries still see opportunities in the region, especially in Cambodia, Vietnam and Myanmar, while
20:18:30 local time CAMBODIA
* Bandith eludes authorities:
Former Bavet town Governor Chhouk Bandith, who was sentenced to 18 months imprisonment two days ago for shooting three garment workers, remained free as of yesterday evening despite outcry from observers that a verdict without enforcement was a hollow measure.
Svay Rieng provincial police chief Hem Saban said yesterday that he was taking action to implement the provincial court’s verdict, but that even after dividing his forces to search for the disgraced governor, Bandith’s whereabouts were still unknown.
“What is important now is that we do not know where he is because he has many houses. But our forces are looking for him,” he said.
Bandith was convicted on Tuesday on charges of unintentional violence after he shot and injured three workers who were protesting for better working conditions in February 2012. His case had been delayed for more than a year, and the charges against him were dropped once before, much to the consternation of rights groups.
* Rights Groups Decry Failure to Arrest Bundith After Verdict:
The whereabouts of Chhouk Bundith, the former Bavet governor who was on Tuesday sentenced in absentia to 18 months in prison for shooting and injuring three garment workers during a protest, was still unknown Wednesday, as rights groups slammed the government for its failure to arrest him.
The Svay Rieng Provincial Court found the former governor guilty of causing unintentional injury in the 2012 shooting, in a verdict that has been criticized as being far too light, and that many say indicates the high levels of impunity in the case.
Labor rights groups who have been closely following the case said whether Chhouk Bundith is arrested or not depends, ultimately, on political will.
“There is no question that the sentence was meager and the duration of the sentence…is directly related to his political position and political connections,” said Dave Welsh, country head of the Solidarity Center, a U.S.-based organization advocating for labor rights.
“Now that a sentence has been handed down, it would be crucial that he is arrested,” he added.
Moeun Tola, labor program head of the Community Legal Education Center, which provided legal aid to the three victims, agreed.
“I believe this depends on their will. If they want to arrest him, they would have [already],” Mr. Tola said.
19:18:30 local time BANGLADESH
* Another 8-storey building in Savar shut as crack develops:
Local administration of Savar on Wednesday morning shut an 8-storey building named ‘Razzaque Plaza’ located in Savar Bus stand near the collapsed Rana plaza as crack developed.
The building houses several markets and two garment factories namely, Al-Muslim garment and Juvian sweater with heavy generators.
M Shahidul Islam, an Assistant Commissioner of Land (AC Land) of Savar upazila came up with the decision at around 8.00am following a report of a private TV channel.
The upazila and police administration along with Savar municipality officials visited the spot and hang a closure and evacuation notice on the entrance.
read more. & read more. & read & see more (video). & read more. & read more.
Garment workers and shop employees of Razzak Plaza stage demos protesting what they say misleading news of cracks in the building and demanding opening of the market on Wednesday. Bangla Chokh
The Dhaka district administration on Wednesday closed all the activities at ‘Razzak Plaza’, an eight-storey commercial complex near the collapsed ‘Rana Plaza’ in Savar bus stand area, following a report of cracks in it, reports UNB.
The closure followed a decision at a meeting between the building owners and the Dhaka district administration at Savar Police Station on Tuesday midnight as private TV channel ETV ran a report on development of cracks in the Razzak Plaza Tuesday evening. Later, Oli Ahmed, one of the building owners, on Wednesday morning asked the owners of the garment factories and shops housed in the building to keep all their activities suspended.
* Savar building sealed off for cracks:
Savar upazila administration on Wednesday sealed off an eight-storey commercial building housing two garment factories and a market near Savar bus station located a few yards away from the recently collapsed Rana Plaza.
The administration took the measure following media a report that said on
Tuesday that the building, Razzak Plaza, developed cracks.
Eight-storey Rana Plaza had collapsed on April 24 leaving more than 1,100 people, mostly garment workers, killed and scores injured.
Agitated businessmen of the market in the building, however, blocked the busy Dhaka-Aricha highway for an hour demanding opening of the market and punishment of the reporter claiming the report about the cracks in the building was false.
Savar upazila assistant commissioner (land) Mohammad Shahid Ullah sealed off the building hanging a notice in the gate declaring temporary suspension of all activities in the building.
* Govt to make legal provisions for RMG sector safety: PM:
Prime Minister and Leader of the House Sheikh Hasina today said the government has taken various steps including amendment of Bangladesh Labour Law-2006 to ensure a safe working atmosphere in the readymade garment (RMG) industry, reports BSS.
The government has already placed bill in parliament to amend the Bangladesh Labour Law -2006 and the same been sent to the parliamentary standing committee on labor and employment ministry for scrutiny, she said replying to a tabled question of AM Mahabubuddin Khokan during question-answer session.
Incidents of labour unrest in the industries sector of the developed and developing countries are not new, she said and added that not a single garment factory is now closed in the country due to security reasons.
The Prime Minister said an 11-member Cabinet Committee on Garment Industry headed by labor and employment minister has been formed for maintaining a stable situation in the sector and reviewing the situation regularly and providing guidelines.
With the formation of the cabinet committee it would be possible to resolve the obstacles to development of the garment sector, she said adding two-taskforce relating to ‘garment industry building and fire- safety’ and ‘expansion of garment industry and simplification’ have also been formed.
read more. & read more.
* RMG workers to get salaries, Eid perks in time: Monnujan:
State Minister for Labour and Employment Begum Monnujan Sufian on Wednesday said garment workers will get their salaries and bonus before Eid-ul-Fitr.
The state minister told this to UNB after a views-exchange meeting with the leaders of different garment workers’ organisations at her ministry office.
Monnujan said she had talks with the garment factory owners on Monday about various demands of the RMG workers when they assured her of paying the workers their salary and Eid perks in time.
She also said the owners assured her that no workers will be terminated before Eid.
* RMG workers hold the key:
Gazpiur City Polls
The Gazipur City Corporation polls certainly have a unique story to tell, as almost one-fourth of the voters there come from different parts of the country.
A significant number of voters in GCC, which includes Tongi area, are garment workers coming from various districts. Alongside the locals, they will also cast votes to determine the outcome.
More than 2,000 readymade garment factories, employing about 10 lakh workers, are located in Gazipur and Tongi, the biggest industrial zones of the country.
Of them, 2.5 lakh workers have been registered as voters. The GCC has a total of 10 lakh voters.
This particular section of workers has now become the centre of attention and is being treated as VIPs by the ruling and opposition alliances-backed mayoral aspirants.
* Big Six in Denmark sign Bangladesh Safety Deal:
Denmark’s top six retail brands agree to sign up to the Bangladesh Fire and Building Safety Accord which now is now backed by more than 60 global brands.
Bestseller, IC Companys, DK Company, PWT Group, COOP Denmark, and Danish Supermarket all agreed to back the Bangladesh Safety Deal following a meeting organised by the Danish Ethical Trading Initiative (DIEH) bringing together, NGOs, unions and government officials.
The Danish Trade Minister Pia Olsen Dyhr urged the companies to add their names to the agreement which aims to improve safety conditions in Bangladesh’s garment factories in the wake of the Rana Plaza factory collapse that claimed 1,129 lives.
The Accord brokered by IndustriALL and UNI Global Union in a strong alliance with leading NGOs, the Clean Clothes Campaign and the Workers Right Consortium, now covers around 2000 of Bangladesh’s 4000 garment factories.
read more. & read more.
* U.S. retailers near BD factory safety pact:
Wal-Mart Stores Inc., Gap Inc. and other large U.S. retailers are nearing an agreement to establish a $50 million, five-year fund to improve safety conditions in Bangladesh garment factories, a person familiar with the proposal said.
The deal could be announced as soon as mid-July, but the details are still being worked out, said the person.
The $50 million fund, a critical component of the deal, is contingent on the Bangladesh government meeting certain criteria that would ensure accountability for safety improvements, this person added.
* US Senators for punitive steps against Bangladesh:
Nine US senators on Tuesday urged President Barack Obama to suspend trade benefits for Bangladesh until the country improved its working conditions.
This comes in the wake of a series of disasters like the fire at Tazreen fashions that killed 110 people last year and the Rana Plaza collapse that led to death of more than 1100 people, mostly garment workers.
“We urge that the administration suspend Bangladesh’s eligibility for GSP (Generalized System of Preferences), and establish a roadmap and timeline for reinstatement based upon tangible improvements in worker safety and related labour law reforms,” the group of Democratic senators said.
read more. & read more.
* US will decide fate of BD’s GSP facilities this month:
Bangladesh is likely to pay heavy price for the recent Rana Plaza collapse as the US administration is under pressure from the US senators for suspending trade benefits for Bangladesh until it improves its working conditions, reports UNB.
President Barack Obama is expected to decide the fate of Bangladesh’s GSP (Generalized System of Preferences) facilities in the US market by the end of June whether to suspend Bangladesh from the GSP programme or to continue it.
GSP waives US import duties on thousands of goods from poor countries to spur economic development.
* US GSP withdrawal looms large:
Bangladesh is likely to pay a hefty price for the recent Rana Plaza collapse as the US administration is under pressure from US senators for suspending trade benefits for Bangladesh until it improves its working conditions.
US president Barack Obama is expected to decide the fate of Bangladesh’s Generalised System of Preferences facilities in the US market by the end of June whether to suspend Bangladesh from the GSP programme or to continue it.
GSP waives US import duties on thousands of goods from poor countries to spur economic development.
On June 6, a prominent Democratic senator pushed for suspending duty-free privileges to Bangladesh, saying it would send a strong signal that the United States is serious about protecting workers after hundreds died in the global garment industry’s worst accident, according to AP.
* GSP Program in Bangladesh Does Not Promote Sustainable Development:
As garment factory fires and building collapses continue to claim more lives in Bangladesh, the US government must change course and send a strong message that business as usual in Bangladesh must end.
Removing GSP benefits for Bangladesh, a country that has repeatedly failed to address worker rights issues across several industries, will send that message.
Some concerns have been raised as to the monetary consequences of removing GSP benefits for Bangladesh. Notably, there is a concern that stripping Bangladesh of GSP will hurt industries that support workers, doing more harm than good. But a closer look at the benefits that the country receives under the GSP program reveals that the United States is supporting an industry that does not, in fact, support its workers.
In 2012, the tobacco sector was the largest beneficiary of Bangladesh’s GSP program, accounting for over $11 million in tobacco exports out of $35 million in total GSP exports. While the trade benefits under the GSP program may benefit the growing Bangladeshi tobacco industry in the short term, over the long term, the incentives that the GSP program provides have led to the rapid increase in tobacco production. This increased production creates a net negative impact on the health of US citizens and Bangladeshi citizens in the form of increased tobacco use, increased health care costs, and decreased government revenue that otherwise could be applied to tobacco prevention programs. It is widely known and accepted that tobacco is the cause of nearly 6 million deaths every year, and encouraging tobacco production through the GSP program can only make that number grow.
* BD yet to tap full EU market, says envoy:
Bangladesh’s export potentials to the European Union (EU) countries still remained untapped despite ‘best possible’ market access.
Head of EU delegation in Dhaka Ambassador William Hanna said this on Wednesday while inaugurating a two-day workshop on export capacity building for Bangladeshi stakeholders.
Bangladesh German Chamber of Commerce and Industries (BGCCI) and German’s development arm GIZ jointly organised the workshop with the support of EU to sensitise stakeholders on market access opportunities and trade sustainability.
The envoy also stressed the need for diversification of export basket.
With Bangladesh’s more than half of exports destined to its member states, the EU is the number one trade partner of the country, he added.
Ambassador Hanna said, “Diversification has not been adequate despite some new export items included in the list like ship-building”.
Mr Hanna said EU had provided “the best possible market access to Bangladesh for several decades through GSP and a quota-free access of its exports as one of the LDCs”.
* German partner GIZ stresses upgrade to garment factories:
Social and environmental standards in the garment industry became more crucial in Bangladesh as more than 1,700 people lost lives in the Rana Plaza and Tazreen incidents, said a top official of a German development partner.
The RMG sectors needs to rethink its standards, said Promita Sengupta, acting country director of GIZ.
“We have to take the responsibility of ensuring social and environmental standards and workers’ rights at the beginning of any business plan,” she said.
A value related cost and benefit analysis can be key to maintaining social and environmental standards, she said yesterday at a workshop on researching and analysing the export market.
The workshop was organised by the Promotion of Social and Environmental Standards in the Industry, a project of GIZ, and sponsored by the International Trade Centre (ITC), Bangladesh German Chamber of Commerce and Industry and the European Union (EU).
The workshop was organised to build the capacity of firms that are poised to export to new markets in regards to market selection and research, she said.
* Foreign companies keen to develop proposed economic zones: PM:
Prime Minister Sheikh Hasina today said many foreign companies are showing their interest to develop the proposed special economic zones in the country.
The government has undertaken a plan to construct seven special economic zones in the backward regions of the country to boost economic growth, she said.
Five foreign developers and operators have applied for development of economic zones in Mongla and Sirajganj and the matter of responding to the request of the organizations is now under active consideration, she said in reply to a question from treasury bench member Engineer Mosharraf Hossain.
The Prime MinIster said more foreign developers and operators have shown their interest and visited the spots for construction of the economic zones.
Besides, local AK Khan & Company Ltd. has expressed interest in constructing a special economic zone on their 200 acres in Narsingdi, she said adding a process has already been launched to set up a garment industrial park for BGMEA on 530.78 acres at Baoshia of Gazaria upazila in Munsiganj district.
THE SAVAR BUILDING COLLAPSE
* BGMEA probe finds Sohel Rana, RAJUK officials responsible for building collapse:
Sohel Rana, the owner of Rana Plaza building and proprietors of the apparels factories housed there are the culprits for the tragedy of multi-storey building collapse in Savar on April 24.
A probe committee of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) found them responsible in its report brought to light Wednesday after about two months of the disaster, at a press conference in BGMEA building.
The probe report found several reasons for the collapse of the building, including structural faults, placing heavy generators and other machineries in the upper floors.
BGMEA also hold factory inspection department officials responsible for issuing permissions to the owners to keep generators and heavy machineries on the upper floors of the multi-storied Rana Plaza.
* BGMEA blames bldg, factory owners:
Bangladesh Garment Manufacturers and Exporters Association has primarily found the owner of Rana Plaza at Savar responsible for its collapse and then also accused the owners of the five clothing factories housed in it for the disaster and death of the workers, according to the probe report of the trade body.
Besides owners of the building and factories, the BGMEA probe report also held the Department of Inspection for Factories and Establishments, Rajdhani Unnayan Kortipakkha and Savar Municipal Corporation for the disaster as the institutions did not carry out their responsibilities properly.
The BGMEA investigation report on Rana Plaza collapse and the disastrous death of over 1,130 workers and injury of hundreds of others on April 24 was for mally released on Wednesday.
Addressing a press conference on the occasion of releasing the probe report, BGMEA president Atiqul Islam said that the owner of Rana Rlaza, Sohel Rana, is mainly responsible for the tragedy as he had forced the garment owners to continue their operation on that fateful day despite cracks were located on the building the day before.
* Design violation led to disaster: BGMEA:
Turning Rana Plaza into a nine-storied building violating the Rajuk-approved design for a six-storey structure led to its collapse causing the nations’ worst industrial disaster, the country’s apex body for apparel industry said Wednesday.
An investigation committee of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has identified eight more reasons for the April 24 collapse that killed 1,131 people, mostly female workers of five garment units housed in the building.
BGMEA Vice-President SA Mannan Kochi, who led the 11-member committee formed on April 28, disclosed the findings after a two-month probe into the incident at a press briefing at BGMEA office Wednesday afternoon.
Construction of the building using substandard materials and low capacity of its pillars are two key reasons, he said.
The installation of heavy generators on the rooftop and setting up of heavy machines of the garment factories also contributed to the disaster, according to the probe report.
* BGMEA avoids responsibility:
Bangladesh Garments Manufacturers and Exporters Association (BGMEA) avoided all the responsibilities of the collapse of Rana Plaza in Savar in the investigation report.
The report, however, blamed the building owner Sohel Rana and the owners’ of garments factories.
BGMEA President M Atikul Islam made public the investigation report on Rana Plaza collapse on Wednesday.
He said, “We forewarned the garments owners about collapse, but they kept their factories open after the false assurance from the building owner.”
read more. & read more. & read more. & read more. & read more.
* Rana Plaza: BGMEA probe accuses building, factory owners:
BGMEA said they have no liability as they warned the factory and building owners a day ahead of the disaster
A probe committee constituted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), accused the Rana Plaza owner and the owners of the five factories that were housed in the building for the incident that killed more than 1,120 people in April.
The apex apparel trade body also held responsible the Department of Inspection for Factories and Establishments, Savar municipal corporation and Rajdhani Unnayan Kortipakkha (RAJUK) for the disaster.
“BGMEA has no liability for the Rana Plaza disaster, as we warned the factory and building owners to shut it down a day ahead of the disaster,” said BGMEA President Atiqul Islam while disclosing the inquiry report on Wednesday at a briefing at BGMEA headquarters in the capital’s Karwanbazar area.
According to the report, the committee identified nine reasons including violation of the building plan, which was for a six-storey building but was built as a eight-storey building using sub standard building materials.
read more. & read more. & read more.
* BGMEA holds Rana Plaza, 5 RMG owners responsible for disaster, shirks its responsibility:
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) held owners of Rana Plaza and five garment factories housed in the building responsible for the disaster. The BGMEA did not take any responsibility for the tragedy.
In a report released on Wednesday, two months after the largest industrial disaster of the country, the BGMEA identified nine causes for the collapse of the high-rise building at Savar that killed 1,131 people and maimed around 2000 — mostly female workers.
It also made officials concerned of the Savar Municipality, Department of Inspection for Factories and Establishments and RAJUK accountable for the catastrophe as those agencies passed the faulty plan, allowed the owner of the building to erect up to 9th floor instead of approved 6th floor and inspected the building but did not take necessary actions.
Replying to a question, BGMEA President Atiqul Islam said until today, they spent Tk 90 million for compensation, medical expenditure and rehabilitation of the victims.
When asked, whether this is a planned homicide or an accident, Mr Islam said there is law and concerned authority in the country, they would define whether it is an accident or killings.
“We are not avoiding entire responsibility; we inspected the disaster site, paid compensation to workers, suspended BGMEA membership of all the five factory owners,” he said reiterating they are not anyway responsible for the Rana Plaza collapse.
* PM receives donations for Rana Plaza victims:
Prime Minister Sheikh Hasina on Wednesday received a cheque of donation from for the PM’s Relief and Welfare Fund to help the injured and the family members of the victims of the tragic Rana Plaza collapse.
Finance Minister AMA Muhith formally handed over to the Prime Minister at her parliament office a cheque of Tk 5.24 crore that came from one-day salaries of the officials of various institutions and divisions under his ministry.
The salaries of the officials include the Finance Division, Bank and Financial Institution Division, Economic Relations Division (ERD), Internal Resources Division (IRD), Comptroller and Auditor General, State-Owned commercial and specialised banks, Insurance Development Regulatory Authority (IDRA), Securities and Exchange Commission (SEC), Sadharan Bima Corporation and Jiban Bima Corporation.
After the incident, she said, her government gave highest priority to provide assistance to the injured and also to the dependent family members of the victims.
The Prime Minister said the family members of the Savar building collapse victims are being given highest Tk 15 lakh in the form of savings certificates. She said the children of the female victims are receiving assistance while the wives and children in case of male victims.
read more. & read more.
18:48:30 local time INDIA
* Sacked Arvind workers demand reinstatement, stage dharna:
The workers allege the textile conglomerate sacked them despite assuring labour body that it would induct them
After around 34 workers were shown the door by textile major Arvind Ltd and its group mill Ankur, the workers have knocked the door of their representative Textile Labour Association (TLA), or Majoor Mahajan as it is locally known. The workers have staged a dharna and have been demanding to be taken back to work at Arvind and Ankur Mills’ factory premises.
The 34-odd workers, who were part of last year’s strike at Arvind’s Naroda plant, allege the textile conglomerate sacked them despite assuring TLA that it would induct them.
“When the strike ended at Arvind and Ankur’s plants last year, the textile group had assured TLA that while only 6-7 workers were being sacked, rest of the workers will be taken back on work. However, in the following weeks, Arvind sacked around 23 of us while Ankur sacked 11 of us stating that we were equally responsible for the strike. In that case, the entire workforce is responsible for the strike. Hence, either Arvind should take us back or sack rest of its workforce,” said Jignesh Patel, one of the sacked workers.
* Ministry to seek priority sector tag for textiles:
The Textile Ministry will approach the Reserve Bank of India and the Finance Ministry to accord priority sector status to the textile industry.
Once the demand is met, the industry will be able to avail itself of bank loans at seven per cent compared to 12-14 per cent it pays currently.
Interacting with the media, K.S. Rao, Union Textile Minister, said considering the fact that the industry is the second largest employment generator after agriculture, it needs a special treatment and giving it a priority sector tag will be more appropriate.
“We will soon approach the Finance Ministry and RBI officials in this regard,” he said.
The textile industry employs about 80 million people from the below poverty level and registers production of $85 billion accounting for four per cent of the gross domestic product.
* Priority sector tag for textile industry mooted:
The textile ministry wants the Reserve Bank of India (RBI) and the Finance Ministry to make the textile sector closer to the priority sector—a move that would allow it to get benefits.
Addressing a press conference here, K.S. Rao, Union Minister for Textiles, said there were moves to accelerate the extension of the Textile Upgradation Fund Scheme (TUFS) which had been earlier approved but had to still come into effect.
Mr. Rao, who took charge of the ministry last week, said the priority was the handloom sector. “The number of people depending on the handloom sector has, in fact, come down in the last decade. But the artisans must be taken care of.”
* Textile hub Tirupur explores solar option:
Seven textile units in Tirupur have come together to set up a captive 20 MW solar power plant, according to Raja M. Shanmugham, Chairman of Apex Clothing Company, the joint venture that will invest in the facility.
These businesses are exploring solar power options following the policy boost given to this renewable energy by the State Government in the form of incentives.
Apex Clothing has inked an agreement with Chemtrols Solar, a Mumbai-headquartered Engineering, Procurement and Construction provider. The Rs 110-crore captive solar plant is to come up in Musiri, Tiruchi District, and will be commissioned by September.
Industries in Tirupur, a cluster of spinning and knitwear units, have already invested in wind energy. Of the 7,200 MW of wind energy projects in the State, over 1,200 MW has been created in Tirupur.
* Area under cotton cultivation comes down:
Ryots opting for other crops due to high labour cost, poor remunerative price for cotton
The extent of cotton cultivation has drastically come down in the district with farmers opting for other crops owing to the risk and low remuneration in growing cotton.
Of the total 2.67 lakh hectares under cotton, nearly 67,000 hectares had come down with a majority of farmers shifting to maize cultivation which is considered to be more remunerative than cotton.
When asked, senior scientist R. Uma Reddy, coordinator of District Agriculture Technology and Transfer Centre (DAATTC) says increased labour cost, low yield and poor remunerative price are the reasons why the famers have started growing other crops.
A labourer demands Rs. 200 plus and picks only 10 kg of cotton per day. It means half of the earning would go towards labour charge while the remaining towards other investments.
For growing maize, the farmers can engage harvesting machines, the yields and the market rate is also good. “Cotton crop duration is 180 days while for maize it is just 110 days,” Mr. Uma Reddy explained.
According to him, the demand for maize would grow and internationally, it was needed for ethanol production.
18:18:30 local time PAKISTAN
* Pak-US Conference in Dubai:
APTMA impressively represents market access case
The All Pakistan Textile Mills Association (APTMA) has impressively represented the case of market access for Pakistan textile industry in the Pak-US Investment Conference in Dubai.
The APTMA leadership including APTMA Chairman Ahsan Bashir, Group Leader Gohar Ejaz, Bashir Ali Mohammed, Amir Fayyaz and Ahmed Kamal represented Pakistan textile industry in the conference and presented Pakistan case for duty-free market through video presentation on softer country image as destination for sourcing textiles and clothing.
The presentation also compared Pakistan with other regional competitors having duty free market access. As a result, Pakistan exports are stuck at $13 billion, exporting yarn grey and dyed fabric to those countries that have duty-free access to the countries where Pakistan’s finished goods have to pay 23 percent duty.
The APTMA leadership told the participants of the conference that Pakistan has immediate potential of $10 billion increase in exports through conversion of its yarn grey and dyed fabric into finished goods if Pakistan is also provided with duty-free access like other 83 other countries.
read more. & read more.
* Aptma seeks duty-free access for finished items:
Pakistan has immediate potential for $10 billion increase in exports through conversion of its yarn grey and dyed fabric into finished goods if it is also provided with duty-free access like other 83 other countries.
This was stressed by the All Pakistan Textile Mills Association (Aptma) leadership during the Pak-US Investment Conference in Dubai, said a message received here on Wednesday.
Aptma Chairman Ahsan Bashir, Group Leader Gohar Ejaz, Bashir Ali Mohammed, Amir Fayyaz and Ahmed Kamal represented Pakistan textile industry in the conference and presented Pakistan case for duty-free market through video presentation on softer country image as destination for sourcing textiles and clothing.