LAHORE: Federal Minister for Textile Industry, Mushtaq Ali Cheema while talking to reporters at a seminar on ‘Improving Competitiveness of Textile Industry’ at PIM said that “National textile policy is being finalized to help the development of all segments of the textile sector value chain”.
He said the textiles policy is in its last phase of preparation and it may be announced in a fortnight.
Talking about the policy, the minister said the projects and targets would be monitored and added a strategy would be evolved to achieve the targets set in the policy. He made it clear that monitoring would be helpful in achieving the targets as in the past many times the targets were missed.
Mr. Cheema said that import of cotton from India through Wagah border had been allowed while import of cotton from central Asia through Torkham and Chaman border would also have good impact on textile. He said Ministry of Textile Industry was also pushing for the regularization of BT cotton to help increase the production of the silver fibre significantly.
“The government has brought down export duty on textile products from 1.5 percent to 1 percent,” said the minister adding that the government would also share 3 percent mark-up of the loans given to textile units in a bid to help the spinning industry for getting out of financial crunch.
He further said the federal government also provided three per cent research and development (R&D) support to the staple fibre sector. In 2001, he added, the government bailed out the industry, but it was again asking for help.
The minister said that the government is enhancing the productivity of both man and machine. He said that after the end of Multi-Fibre Agreement (MFA) the world market is open to buyers.
“Only efficient producers can survive in the market,” he commented. He said that the Stitching Machine Operators Training Scheme (SMOT) introduced by the Ministry of Textile Industry has been a success.