Home / Knowledge / News / Textiles / Govt mulls over incentives to boost textile sector
Govt mulls over incentives to boost textile sector
02
Jan '09
In order to give a fillip to the deteriorating textile industry, the Government of Pakistan is sketching out a plan to provide lucrative incentives and relief for the same, especially to the export oriented units.

While addressing a meeting at his residence Federal Minister on Textile Industry Mr Rana M Farooq Saeed Khan informed this. Members of CEC PHMA and Vice Chairman, Garment City Faisalabad, along with representatives of FCCI, PHMA, PTEA and other textile value added sector members were present in the meeting.

Speaking on the problems like load shedding and increasing energy prices, Mr Rana said that he had advised MD, SNGPL, and WAPDA authority to arrange a meeting under his chair with representatives of the FCCI, PHMA and PTEA to exercise new strategies for the continuous supply of gas and power to the textile industry especially in peek winter season.

The Minister emphasized on enhancing cotton production, by cultivation of Bt cotton, as these seeds can give 40 percent higher yield per acre. He said that India after implementing this technology has improved their cotton production substantially.

The participants in the meeting opined that in most of the countries exporters are given preferential treatment and provided raw material, inputs and utilities at concession rates which helps them to compete successfully in international markets. Pakistani Government should provide 6 percent Research and Development (R&D) supports for the garment industry.

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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