Govt mulls over incentives to boost textile sector

02 Jan '09

2 min read

In order to give a fillip to the deteriorating textile industry, the Government of Pakistan is sketching out a plan to provide lucrative incentives and relief for the same, especially to the export oriented units.

While addressing a meeting at his residence Federal Minister on Textile Industry Mr Rana M Farooq Saeed Khan informed this. Members of CEC PHMA and Vice Chairman, Garment City Faisalabad, along with representatives of FCCI, PHMA, PTEA and other textile value added sector members were present in the meeting.

Speaking on the problems like load shedding and increasing energy prices, Mr Rana said that he had advised MD, SNGPL, and WAPDA authority to arrange a meeting under his chair with representatives of the FCCI, PHMA and PTEA to exercise new strategies for the continuous supply of gas and power to the textile industry especially in peek winter season.

The Minister emphasized on enhancing cotton production, by cultivation of Bt cotton, as these seeds can give 40 percent higher yield per acre. He said that India after implementing this technology has improved their cotton production substantially.

The participants in the meeting opined that in most of the countries exporters are given preferential treatment and provided raw material, inputs and utilities at concession rates which helps them to compete successfully in international markets. Pakistani Government should provide 6 percent Research and Development (R&D) supports for the garment industry.

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