CALL FOR LOW-COST CAPITAL FOR PRIVATE SECTOR
Feb 28 - Mar 6, 2011
All Pakistan Textile Mills Association (APTMA) is the premier national trade association of the textile spinning, weaving, and composite mills representing the organized sector in Pakistan.
APTMA emerges as the largest association of the country as it represents 396 textile mills out of which 315 are spinning, 44 weaving and 37 composite units. These spinning mills have production facilities of texturing, mercerizing and dyeing of yarns; weaving mills have sizeable number of air-jet looms, and the composite mills have manufacturing facilities from spinning to finished textile products under one roof.
The total installed capacity of APTMA member mills accounts for 9,661,366 spindles, 61,608 rotors, 10,452 shuttle-less/airjet looms, and 1897 conventional looms.
The association's members produce spun and open-end yarn, grey, printed dyed fabrics and bed linen.
Gohar Ejaz is the sitting Chairman of the All Pakistan Textile Mills Association. He is a seasoned industrialist, qualified business graduate and one of the resourceful personalities in Pakistan. He is the Chief Executive of "Ejaz Group Of Companies" comprising of Ejaz Spinning Mills Limited and Ejaz Textile Mills Limited. He is also Chief Executive of "The Lake City Holdings (PVT) Limited" a 2000 acre resort/residential project, planned at 13 km on the outskirts of Lahore, with an 18-hole PGA golf course & 8000 luxury bungalows/villas, also featuring Sinuous Lakes, Landscape Architecture, Parks and Pavilions, Civic Amenities and Shopping Malls.
Mr. Ejaz has established a most modern state-of-the-art Dialysis Centre at Jinnah Hospital, Lahore in the memory of his father Sheikh Ejaz Ahmed. The Sheikh Ejaz Ahmed Dialysis Centre is designed for dialysis of more than 100 patients in three shifts with 1000 dialysis per month. The patients are dialyzed free of cost at this dialysis centre.
About the role of APTMA, Gohar Ejaz said the association is required to encourage friendly feeling and unanimity amongst textile mill owners on all subjects connected with their common good and to promote and protect the trade commerce and manufactures of Pakistan in general and of the cotton trade in particular.
In an interview, Gohar Ejaz said that textiles exports saw a growth of 28 percent during the first seven months of this fiscal year to reach $7.585 billion, contributing over 56 percent to the overall exports of the country. Pakistan exported a record $1.3 billion worth of textile products during January, an increase of 40 percent over the corresponding month last year while the textile exports also registered a healthy increase of 43 percent in December 2010.
According to him, the textile industry was well on its target to export $14 billion textile products this year. The textile exports are expected to rise further in the remaining five months of this fiscal year. However, even if they remain at January's level, Pakistan would fetch a minimum of $6.5 billion exports to reach $14 billion exports target that was fixed by the APTMA five months back.
He said: "Pakistan is still the cheapest source of yarn, fabric and garments in the world." Textile exports would have further enhanced had the government succeeded in addressing the energy crisis, he added.
Mr. Ejaz said that the increase in textile exports this year is mainly due to increase in value. Further increase of $2 billion in textile exports is possible next year provided the government facilitates new investment in the sector through interest rates and tax concessions. He expressed hope that after declaring 2011 as the year of textiles, the president would take personal interest in addressing the raw material and energy issues of the industry.
He said the high inflation, government policies, and high cost of doing businesses remained top three factors affecting businesses in Pakistan.
Gohar Ejaz said the president was supportive to the APTMA and appreciated the public advocacy and APTMA proposals on market access, cotton issues, and free market mechanism in the country for the larger benefit of cotton farmers and the textile industry. He said the President assured that the newly appointed minister of textile industry would call APTMA delegation within a week for briefing on issues and affairs of textile industry.
According to him, the President himself would stay in touch with the APTMA leadership for monitoring follow-ups of government initiatives for the growth of textile industry. He, however, stressed the need for the public private partnership for achieving economic goals and the role of APTMA management in government think tanks for economic progress.
APTMA Chairman said that Pakistan's textiles and clothing sector has been integrated into the upcoming $800 billion international textiles and clothing trade. It procures 11.5 million domestic bales and three million bales from the international market on international terms, due to shortage of cotton crop since last ten years.
Mr. Ejaz said it is imperative that a special line of credit for industry at internationally competitive interest rates be provided to industries. He said APTMA was funding cotton research by contributing Rs250 million on cotton and this contribution is increased to 250 percent. It is submitted that cotton research management be re-structured to involve farmers and the industry in a meaningful way.
He hoped that the government policymakers would expedite necessary measures for goals set under the APTMA vision for larger interest of economy and the industry.
He said the APTMA has visualized an export potential of $25 billion by 2014 with an investment of $2 billion per annum resulting in creation of job opportunities for workforce of one million and an increase in exports by $4 billion.