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Faisalabad to get CTC for textile machinery manufacturing
09
Aug '14
A Common Facility Centre (CFC) has been proposed to be set up to manufacture textile machinery and agriculture equipments at a cost of Pk Rs 100 million, by the Small and Medium Enterprise Development Authority (SMEDA), the Express Tribune reported.

The Faisalabad Chamber of Commerce and Industry (FCCI) has been requested to facilitate the establishment of the centre, Alamgir Chaudhry, CEO of SMEDA said.

While addressing executive members of FCCI, Alamgir Chaudhry said, “Small and Medium Enterprises (SMEs) are baseline for industrial development and establishment of major units. SMEDA is helping SMEs to invest and start their own business in many different sectors including textile machinery production, agricultural implements, foundry etc.”

“The government is fully aware of SMEs’ importance and is extending support for the segment’s development”, he added.

“We are trying our best to harness the mental faculties of our youth and encourage them to start their own initiatives, as this will lessen the dependency on government jobs and create more employment opportunities in Pakistan”, Alamgir noted.

He said that the textile-related CFC at Faisalabad will reorganise the sector.

Fibre2fashion News Desk - India

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