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

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Mohammad Hassan
Biax Fiberfilm

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search