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Textile bill to be tabled by Dec 31
16 Oct '10
2 min read
The Ministry of Textiles intends to place the Textile Industry Development, Promotion and Standards Act 2010 bill before the National Assembly before December 31, and has thus invited the stakeholders of the industry to provide their suggestions so that they can make necessary changes to the draft, before date of submission.
The main object of the Act is to establish the Federal Textile Board that would work to upgrade, adopt or identify the quality standards of textile industry products. The Board with 15 members, compromising of 10 ministerial representatives and five industrial representatives, will be headed by Textile Minister. The Board will be established as an autonomous body empowered to make its decisions and carry out its working.
Dr Waqar Masood, Federal Secretary of Textile Industry while speaking at PHMA House on October 11, explained details of the 13-Section draft Act that the Ministry has developed in view of industry's demands and issues.
The official divulged that, at a later date the Ministry would also be holding talks with textile owners from other cities like Faisalabad, Lahore, etc. Presently, the country has no specific standards for textile production in place, Waqar said and stressed on the need to determine such standards.
As the Act takes form, it would be the Board's duty to execute the same and to frame necessary laws along the lines of the Act for its functioning, Waqar stated. Pursuant to the Act, the Board would be empowered to collect cess from the textile sector, which would not be charged in excess of one percent of annual turnover.
The main object of the Act is to establish the Federal Textile Board that would work to upgrade, adopt or identify the quality standards of textile industry products. The Board with 15 members, compromising of 10 ministerial representatives and five industrial representatives, will be headed by Textile Minister. The Board will be established as an autonomous body empowered to make its decisions and carry out its working.
Dr Waqar Masood, Federal Secretary of Textile Industry while speaking at PHMA House on October 11, explained details of the 13-Section draft Act that the Ministry has developed in view of industry's demands and issues.
The official divulged that, at a later date the Ministry would also be holding talks with textile owners from other cities like Faisalabad, Lahore, etc. Presently, the country has no specific standards for textile production in place, Waqar said and stressed on the need to determine such standards.
As the Act takes form, it would be the Board's duty to execute the same and to frame necessary laws along the lines of the Act for its functioning, Waqar stated. Pursuant to the Act, the Board would be empowered to collect cess from the textile sector, which would not be charged in excess of one percent of annual turnover.
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