Home / Knowledge / News / Textiles / 'Govt seeks to boost textile exports to $40 billion'– Textile Minister
'Govt seeks to boost textile exports to $40 billion'– Textile Minister
04
Mar '09
Mr Khan, Minister of Textiles
Mr Khan, Minister of Textiles
“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

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Marten Alkhagen
Swerea IVF AB

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

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

Karan Arora
Karan Arora

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

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