Hard work follows unveiling of Textile Policy - PRGMEA

17 Aug '09

13 min read

Conclusion:
Textile Policy 2009-14 is certainly a welcome initiative taken by the government. This policy seeks to revive the ailing textile sector through some key immediate measures and sets a vision for transforming the present textile industry into a new era. The policy looks at the industry from almost every perspective and identifies key areas where investment can bring about fruitful results.

Now that the policy has been unveiled, hard work follows. The government now needs to set its priorities and bring about a framework which will give practical meaning to this policy. Needless to say that this framework should be formulated ASAP, keeping in view that it should be transparent, works fast and should be meaningful to the industry.

By presenting this policy, the government has also recognized that only textile sector can be an engine for rapid growth for Pakistan's economy. If this policy is properly implemented and if due market access is provided, Pakistan's textile industry certainly has the capacity to bring about rapid progress and prosperity which may not be limited to industrial areas only and which may easily spill into the remote areas where progress is vitally needed.

PRGMEA

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