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Cottage Industry: LCCI asks for incentive
17
Feb '10
The cottage industry of Pakistan is facing a lot of internal as well as external problems. The Lahore Chamber of Commerce and Industry (LCCI) has demanded the government to release a package for this industry, informed Mr. Zafar Iqbal Chaudhry, President LCCI.

While speaking at an oath-taking ceremony for newly-elected officials of Lahore Sewing Machine Association, Mr. Chaudhry said that LCCI will keep working for cottage industry as it is the backbone of country's economy.

Import of semi-finished and finished goods from China has impacted many local vendors, who need government's assistance for recovery. The small businesses essentially require facilitation from government, he emphasized.

Business expenses of this industry are soaring up, so small industries are in dire need of government's assistance. An exclusive electricity tariff should be announced for the cottage industry, in order to make it competitive against international finished and semi-finished goods, he opined.

Punjab government should allocate few acres for the cottage industry on the model of industrial estates, stated Mr. Ghulam Sarwar Malik, Chairman Lahore Sewing Machine Association.

Fibre2fashion News Desk - India


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