Home / Knowledge / News / Textiles / Pakistan Textile Ministry to revive sick production units
Pakistan Textile Ministry to revive sick production units
May '14
The Pakistan Textile Ministry is already deliberating revival of sick production units operating in the textile sector of the country, as it would help in enhancing textile exports and harvesting benefits from the Generalized System of Preferences Plus (GSP+) status given by the European Union (EU), said Federal Minister of Textile Industry, Abbas Khan Afridi.

Minister Afridi was speaking to a delegation of textile exporters during a meeting held at the Faisalabad Chamber of Commerce and Industry (FCCI) office in Faisalabad, reports Business Recorder.

At the meeting, Mr. Afridi said the Government was fully aware regarding the importance of the value-added textile sector, as it not only earns huge foreign exchange for the country, but also creates jobs for the unemployed youth.

The Minister asked FCCI to finalize two or three viable options to revive the sick units operating in the sector, so that the Government and other related Ministries could deliberate and approve the most appropriate method.

On his part, FCCI president Engr. Suhail Bin Rashid said that FCCI had conducted a preliminary study on some of the sick units operating in the textile sector in Faisalabad and had arrived to a conclusion that revival of the sick units in Faisalabad itself could help in fetching US$ 1 billion in foreign exchange, in addition to creating 82,000 new jobs.

These units are known for their professional integrity but are victims of circumstances such as energy crisis coupled with recession in Europe, which has rendered them sick, and the Government must take necessary actions to revive them, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

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...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi

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

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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