FPCCI supports revival of textile industry

23 Jun '17

1 min read

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended support for the revival of Pakistan textile industry. The federation has also appealed for government support for the development of textile industry. More than 60 per cent of the exports constitute of items from textiles, which contribute majorly in revenue generation.

FPCCI also raised concerns over the protests held by the textile trade bodies. Opposition through protest will affect the working of the industry and will also affect economy of the country, said FPCCI in a statement.

"The textile industry contributes around 8 per cent to the GDP, employs about 40 per cent of industrial labour force of Pakistan. A strike will only worsen the situation," Aamer Ata Bajwa, acting president FPCCI, said.

For efficient functioning of the Pakistan textile industry, FPCCI asked the government to release the pending finances. The export incentive package announced by the prime minister in January this year should be implemented at the earliest, said Bajwa.

"We appeal to the government to withdraw the levy of Rs 3.63 per kWh surcharge in electricity bill and reduce textile related imports from China and India to salvage the textile industry from its total collapse," added Bajwa. (RR)

Fibre2Fashion News Desk – India

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