Home / Knowledge / News / Textiles / Govt support for R&D likely to get extended for another year
Govt support for R&D likely to get extended for another year
Jun '08
A proposal has been made for the upcoming budget which encloses that the research and development support given to the textile sector, will be extended for another year.

However, this time it should be granted to enterprises depending on their export volume rather than a fixed percentage which is being given to various categories.

This proposal was formulated with the hope that it would motivate exporters to essay for higher volume of exports in order to get aid for research and development (R&D). In fact this would also create a competitive environment whereby each enterprise would strive for a better outcome and indirectly contribute to increasing the overall economic revenue of the country.

However, contradicting this proposition are textile exporters who believe that this new formula if adopted in the budget would be extremely discriminatory since it would only promote big export houses which are likely to benefit the most as they get higher orders.

On the other hand, small and medium sized exporters would be the worst affected because it will be impossible for them to match the volume of large exporters-cum-manufacturers. Besides, they were quite content with the present system and do not understand the need to have a new scheme for R&D.

Official sources from Trade Development Authority of Pakistan told Fibre2fashion that as of now, it was only a proposal which has been sent forward to the Ministry of Pakistan by some particular set of associations. It is only up to the ministry to decide whether or not should the proposal get incorporated in the budget. According to estimates, some 15 – 16 kinds of associations in textile and other sectors are likely to benefit from this policy.”

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Eric Scholler

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

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts

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

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

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

Igor Chapurin

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

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

April 2017

April 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