Home / Knowledge / News / Textiles / Good policies to help textile exports cross $25bn
Good policies to help textile exports cross $25bn
21
Jun '11
In order to boost textile exports to US$25 billion through 2014, Ministry of Textiles (MINTEX) intends to call upon the government to cut down the import duty on textiles, expand the fibre base, boost production of value-added goods and develop a supportive environment for the export-oriented industries, which would encourage production instead of trade.

According to MINTEX, the initiative would help boost production of value-added garment, generate extra income and employment, dissuade smuggling and diversify export items for local as well as global markets.

In adherence with the MINTEX's new initiative under the textile policy, the government would increase its contribution to the Employees' Old-Age Benefit Institution (EOBI) scheme and also towards social security provisions for women and handicapped workers in the textile industry.

The Ministry intends to launch the initiative from next fiscal and would also separately assign a sum for the purpose. By doing this, the Ministry means to prompt the industry to engage more people from marginalised segments of the society, particularly women.

MINTEX has devised and submitted a plan for imparting training to 500,000 apparel stitching workers to balance the shortfall of skilled workers in the value-added sector. The scheme has already been formulated and has been submitted to the Planning Commission.

In addition to this, MINTEX is also setting up garment cities in Faisalabad and Lahore. The Ministry has already hired out the first factory shed in Faisalabad Garment City, while construction of its second building, which is being developed on an area of 129,890 sq ft is also close to conclusion.

Also on the agenda, is the Lahore Garment City, which is situated in Sunder Industrial Estates in Lahore and spread on an area of 19.34 acres, incorporating three multi-storied towers with total factory area of 312,650 sq ft. Construction of the same is likely to conclude during next fiscal.

MINTEX would also impart training to the workers who would be engaged in the Lahore Garment City. This would lead to large-scale employment generation, particularly for women workers.

MINTEX is also coming up with a garment city in Karachi and has already acquired a 300 acre plot for the purpose. The work in respect of this project would start subsequent to approval. Besides, the Ministry is also setting up Pakistan Cotton Ginning Research and Training Institute in Multan and is trying to obtain necessary support from the Government of Punjab, Pakistan Cotton Ginners Association and other stakeholders in this regards.

During the second part of current calendar year, the Ministry amongst other activities also intends to organize a mega 'Textile Buyers Conference', which would be focused at reinstating the country's image and promoting the country as a producer and exporter of superior quality textile goods. Alongside the conference, the Ministry even intends to organize an expo and fashion show.

Efforts would also be made to promote country's fashion industry through brand promotion, establishment of new institutes, information dissemination regarding new fashion trends and marketing strategies.

Besides, MINTEX in association with the industry stakeholders also intends to set up a 'Centre of Excellence', as technical textiles is emerging as a promising segment for higher value-addition.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search