'Govt seeks to boost textile exports to $40 billion'– Textile Minister

04 Mar '09

2 min read

“The government seeks to boost textile exports to US $40 billion in the next few years”, said the Minister of Textiles, Mr Khan, while inaugurating the International Machinery Exhibition of Garment & Textile Technology, “MEGATECH 2009” being held at the Karachi Expo Center and has 400 companies participating in the expo.

He added by saying, “Establishing apparel cities in Karachi, Lahore and Faisalabad coupled with various other measures, would go a long way in realization of this goal and could be harbinger for new vistas of development in the industry and the country” and assured the trade of all cooperation from the government in their hour of crisis.

He said, “The government is sincere in its commitment towards the sector and would take all possible measures to address the genuine grievances of the sector and all existing problems of shortage of gas and electricity would be addressed on a war footing basis”, and termed the sector as mainstay of the economy and the country.

Out of the total exports from the country amounting to $18 billion, textile shipments contributed $10 billion to the overall export basket from the country. It is also provides employment opportunities to 39 percent of the working population and contributes 10 percent to the Gross Domestic Product (GDP) in the country.

Fibre2fashion News Desk - India

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