Pakistan govt likely to announce new textile policy soon

GMT 11:37 2015 Monday ,16 March

Sriyadithatextile - Pakistan govt likely to announce new textile policy soon

The Ministry of Textile Industry, Government of Pakistan, is likely to announce the new textile policy 2014-19 in the first week of September 2014. Speaking to the reporters, Ministry spokesperson Kanwar Usman said the policy will be comprehensive. He said Pk Rs. 82 billion has been provided in the budget this year for development of textile industry in Pakistan. The new policy is expected to include a plan for the future of the textile industry, along with a plan to aid smaller units of the industry, for the economic development of the country. Mr. Usman said the Ministry will consider preparing a plan for the brand development fund in order to introduce Pakistani textiles in the international market. He added that at present the Ministry’s top priority is to help and provide financial assistance to the smaller components of the textile industry in Pakistan, which include the hand-made carpet, handloom sector, and the silk-based products. Under the new policy, the Ministry of Textile Industry will help in building a Product Development Center to facilitate international companies to deal with small units of the textile industry of Pakistan at lower costs, he said. He added that the Ministry would also establish new garment houses in the four big cities of Pakistan, to compete with the international textile industry. Mr. Usman said the Government of Pakistan has allocated Rs. 4.4 billion in this year’s budget to provide training to 1,20,000 textile workers, to help them learn modern skills in textiles production. The new policy would also address the problems faced by the hand-carpet industry in Pakistan, as the Government is determined to enhance exports of hand-knotted carpets for economic stability and growth.

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