Home / Knowledge / News / Textiles / 'Textiles is a priority sector for govt' – Pak official
'Textiles is a priority sector for govt' – Pak official
13
Mar '12
The Government of Pakistan has identified textiles as a priority sector and is supporting the country's textile sector to achieve an ambitious export target mentioned in the 2009-14 Textile Policy, an official has said.

The country aims to attain a US$ 25 billion mark in textile exports by 2014, Advisor to the Prime Minister on Textile, Dr. Mirza Ikhtiar Baig, said while speaking at the inaugural ceremony of the Ninth Textile Asia 2012 International Exhibition.

The Government has identified textiles as a key priority sector, and is taking all necessary steps to introduce apt policies and incentives that can spur expansion and draw more private sector investment in the value added sector, which would in turn boost the country's exports, he added.

He mentioned that provision of subsidised financing to boost capital investment in value added textile industry and roll back of customs and sales tax on plant and machinery imports by manufacturing industries are among the initiatives introduced by the Government.

The country has also set out on an extensive plan to enhance its appeal to the overseas investors associated with the textile industry, he said.

The domestic industry has also witnessed some new developments in recent times which includes launch of an Industrial Park in Karachi, setting up of Garment Cities in Lahore, Karachi and Faisalabad and a Textile City Project with state-of-the-art facilities in Karachi, Dr. Baig said.

During 1999-03, Pakistan's textile industry invested US$ 6 billion for Balancing, Modernisation and Replacement (BMR), and with present healthy gains, the industry still adheres to this trend, he said.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Steve Cole
Xerium Technologies

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

Silke Brand-Kirsch
Schlegel und Partner

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

Mark Paterson
Technical Absorbents Ltd

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

Igor Chapurin
Chapurin

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

Bani Batra

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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