Home / Knowledge / News / Apparel/Garments / Apparel sector manages to win back R&D support
Apparel sector manages to win back R&D support
31
Jul '08
Government of Pakistan has agreed to provide the 6 percent Research and Development (R&D) support for the apparel sector which will continue till June 30, 2009.

In an exclusive interview with Fibre2fashion, Mr Athar Ahmed, Deputy Secretary General of Pakistan Readymade Garments Manufacturers & Exporters Association stated that “the Ministry of finance has agreed to provide & continue 6 percent R&D support for apparel sector only for one year. However, approval from the Economic Advisory Council still needs to be taken and the final decision will be declared soon.”

A meeting regarding this was conducted with Mr Syed Naveed Qamar, Federal Minister for Finance, Privatization & Investment. Representative delegation of Pakistan Apparel Forum having representation of Pakistan Hosiery Manufactures Association (PHMA), Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), PN & SA and Pakistan Cotton Fashion Apparel Association (PCFAA) also took part in the discussions.

As a matter of fact, the amount of R&D support for the garment sector has also not been disclosed although the industry had proposed for Rs30 billion.

Mr Qamar, on part of the Government, assured the delegation that all efforts would be made to resolve the problem of market access currently being faced by the industry. But, of course, the apparel sector would have to cooperate with the center in strengthening the economy which in turn will benefit the business group.

The Government has also pledged to offer improved incentives and better schemes for the Export Oriented Units (EoUs). In fact, the EoU scheme is expected to provide incentives more favorable than those available to the EoUs in Exports Processing Zones EPZs.

EoUs would help promote establishment of local export oriented industrial units and the foreign revenues earned by these units would remain within the country, which is not so in case of units located in export processing zones as they are free to repatriate their profits out of the country.

Besides, in order to make basic raw material available for the textile sector, the Government would also formulate an export policy on yarn and cotton.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search