Home / Knowledge / News / Textiles / Pakistan's FPCCI urges govt for value-addition in textiles
Pakistan's FPCCI urges govt for value-addition in textiles
31
Dec '13
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Government to make a detailed plan in order to stimulate value addition in textiles and other sectors in the country to encourage exports and employment for fully benefitting from the Generalized System of Preferences Plus (GSP+) status granted by the European Union (EU).
 
FPCCI president Zubair Ahmad Malik, while speaking to a business community in Islamabad said the country lags behind value-addition, which is a reason behind unemployment and lower volume of exports, reports APP.
 
Mr. Malik said the textile sector should be made a priority as it contributes 8 percent to the country’s Gross Domestic Product (GDP) and accounts for 54 percent of the overall exports, producing 24 percent of industrial value-added goods, and employing 40 percent of urban labor whilst absorbing 40 percent of bank credit.
 
The FPCCI official said China generates around US$ 4 billion business from one million cotton bales and India US$ 2 billion from its cotton output, whereas Pakistan only generated US$ 1 billion due to lack of value addition.
 
Appreciating the Prime Minister’s Youth Loan Scheme, Mr. Malik said that those getting loans should prefer to invest in different small businesses related to textiles to ensure safety of their funds and get better returns.
 
The FPCCI head asked the business community to step forward and take part in the power generation projects to overcome energy crisis in the country, so that textile and other industries can function at full capacity.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 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