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Textile minister apprised about key initiatives

12 April, 2011

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz called on the Federal Textile Minister Makhdoom Shahab-ud-Din on Monday and apprised him of the APTMA initiatives as way forward for the textile industry to achieve $25 billion exports by 2014-15.

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Gohar told the textile minister that APTMA has already proposed five key initiatives to the government—which include revamping agriculture research for increase in cotton productivity, 24/7 energy supply, zero rating-regime for textile value chain without hassle of refunds’ accumulation, competitive interest regime and public private partnership for market access.

APTMA chairman said the textile industry is fully confident in achieving industry growth and export targets set under the first-ever-five-years textile policy—and hoped that the federal textile minister having sound agriculture background would be able to comprehend problems of industry and realise his vision of growth for textile industry ahead.

Gohar also appreciated President Asif Ali Zardari for owning the issues of textile industry—declaring the year 2011 as the “Year of Textile” and activating the bureaucracy to follow the APTMA’s way forward in true letter and spirit.

He expressed satisfaction over implementation of free market mechanism in the country and pointed out that the resultant benefits are directly passed on to the rural economy, industry and national exchequer—as the textile industry is set to achieve $14 billion record textile exports this year.

End.


 
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