Pakistan News Service

Saturday Nov 29, 2014, Safar 6, 1436 Hijri
Logo
Main News Business & Economy Stock & Bond Editorials Cotton & Textiles Agriculture & Allied Fuel & Energy Taxiation Company News

Textile potential to be exploited through high value exports

15 March, 2011

FAISALABAD: The government is pursuing a vision of an integrated value chain, adding the fullest value to the country’s agriculture potential by serving domestic needs as well as high value exports through a well-planned industrial structure, product diversification and institutional framework.

  More on this

FAISALABAD: The government is pursuing a vision of an integrated value chain, adding the fullest value to the country’s agriculture potential by serving domestic needs as well as high value exports through a well-planned industrial structure, product diversification and institutional framework.

Shahid Rasheed, Secretary Ministry of Textile Industry inaugurating the first international conference on Value Addition and Innovation in Textile, COVITEX 2011, Monday said a major target was to enhance value of cotton by 100 percent from $ 1000 per bale to $ 2000 per bale through value addition over the next four years.

He said 2011 has been declared as the Year of Textiles by President Asif Ali Zardar and the government was pursuing a programme to extend direct financial support to the textile sector.

It disbursed an amount of Rs 9.75 billion in year 2009-10 and has now allocated Rs 7.5 billion during the current financial year of 2011-12.

He said three garment cities were planned at Faisalabad, Lahore and Karachi to promote value addition by providing sate-of-the-art infrastructural facilities to industries.

He said the Faisalabad Garment City had been established at Rs 498 million and started its operation whereas it was near completion in Lahore.

He said progress had also being made to establish a similar mega project of Pakistan Textile City over an area of 1250 acres at Karachi near Port Qasim.

He said Stitching Machine Operator Training (SMOT) programme was being successfully run in collaboration with industrial units at Karachi, Lahore, Faisalabad and Rawalpindi.

He said about 8,000 operators had been trained through the programme while the government planned to train another 500,000 workers in various skills over the next 5 years at Rs.5 billion.

He said a Garment Technology Training Center (GTTC) is also being established at Karachi in collaboration with technical and financial assistance of Korea International Cooperation Agency.

He said it would provide modern and cutting edge facilities to the garment sector and this centre was expected to become operational in September 2011.

Executive Director Higher Education Commission Dr Sohail Naqvi explained efforts made by HEC in bringing quantitative as well as qualitative improvements to the education sector.

End.


 
Suggested Sites