New textile policy set to be announced
The Ministry of Textile Industry will announce a new policy in the first week of next month.
The new textile policy will include the future strategy for the industry and also comprise a plan to facilitate smaller units for the economic development of the country.
While speaking to the media, Kanwar Usman, the spokesperson for the ministry, said that the policy will be comprehensive, adding that an amount of Rs82 billion has been allocated for the ministry in the budget this year.
“The ministry will consider the plan for a brand development fund to introduce Pakistani products in the international market,” said the spokesperson. “The ministry’s top priority is the smaller components of the industry including hand-made carpet, loom sector and silk-based products. They will also be provided with financial assistance.”
Replying to a question, he said the policy will establish Product Development Centre to facilitate international firms for receiving orders at low costs from small industries.
He added that the ministry would also establish new garment houses in the four big cities of the country to meet competition in the international market.
The spokesman said the government has allocated Rs4.4 billion in the budget to facilitate training sessions for 120,000 textile workers that would equip them with modern skills.
Published in The Express Tribune, August 28th, 2014.
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