Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Apparel/Garments / Apparel sector manages to win back R&D support
Apparel sector manages to win back R&D support
31
Jul '08
Government of Pakistan has agreed to provide the 6 percent Research and Development (R&D) support for the apparel sector which will continue till June 30, 2009.

In an exclusive interview with Fibre2fashion, Mr Athar Ahmed, Deputy Secretary General of Pakistan Readymade Garments Manufacturers & Exporters Association stated that “the Ministry of finance has agreed to provide & continue 6 percent R&D support for apparel sector only for one year. However, approval from the Economic Advisory Council still needs to be taken and the final decision will be declared soon.”

A meeting regarding this was conducted with Mr Syed Naveed Qamar, Federal Minister for Finance, Privatization & Investment. Representative delegation of Pakistan Apparel Forum having representation of Pakistan Hosiery Manufactures Association (PHMA), Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), PN & SA and Pakistan Cotton Fashion Apparel Association (PCFAA) also took part in the discussions.

As a matter of fact, the amount of R&D support for the garment sector has also not been disclosed although the industry had proposed for Rs30 billion.

Mr Qamar, on part of the Government, assured the delegation that all efforts would be made to resolve the problem of market access currently being faced by the industry. But, of course, the apparel sector would have to cooperate with the center in strengthening the economy which in turn will benefit the business group.

The Government has also pledged to offer improved incentives and better schemes for the Export Oriented Units (EoUs). In fact, the EoU scheme is expected to provide incentives more favorable than those available to the EoUs in Exports Processing Zones EPZs.

EoUs would help promote establishment of local export oriented industrial units and the foreign revenues earned by these units would remain within the country, which is not so in case of units located in export processing zones as they are free to repatriate their profits out of the country.

Besides, in order to make basic raw material available for the textile sector, the Government would also formulate an export policy on yarn and cotton.

Fibre2fashion News Desk - India


Must ReadView All

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

KG cracker; courtesy: Ineos

Textiles | On 22nd Sep 2018

Ineos to invest £60 mn in the UK to expand production

Ineos has announced plans to invest £60 million to expand its...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search