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Govt to formulate 5yr textile sector development plan
04
May '11
A task to prepare a comprehensive industry plan which would decide the industry's course of action for the next five years has been assigned to the Garments and Textile Industry Development Office (GTIDO).

Lucita P. Reyes, acting Managing Head of the Board of Investments and Senior Executive Director of GTIDO, revealed that, the Secretary of the Department of Trade and Industry (DTI), Gregory L. Domingo has necessitated formulation of a comprehensive garment and textile development plan.

Reyes said that, the industry players and the DTI are presently concentrating on getting the “Save Our Industries Act” bill, proposed by the Philippines government, passed in the US Congress. The bill is aimed at earning duty-free and preferential access for Philippine garments to the US, subject to the condition that these garments are made from textiles and fabrics imported from the US.

However, she did stated that, the country or sector should not merely concentrate on the passage of the proposed bill, but on where the industry would be headed towards over the next five years, as there are other countries too which need to be focused on, like the EU and China.

According to her, the development plan should also be carried out side by side with the Save Act, which she said, would once again be tabled before the US Congress in June this year.

She also made a mention of the prospects that has come all the way to the country with a rise in its exports to China, and also spoke about prospective Chinese investments in domestic textile producing units.

While talking about the EU, she stated that, garment exports from Philippines no longer enjoy any preferential treatment in the EU under the Generalized System of Preferences.

Reyes said that, the industry development plan should focus more on the modes of attracting more overseas buyers and garment and textile firms to invest in the country.

Fibre2fashion News Desk - India


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