Home / Knowledge / News / Textiles / Faisalabad to get CTC for textile machinery manufacturing
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


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search