A Textile Corner to be established to help the textile sector adopt and upgrade new technology with the help of experts of the National Textile University (NTU), disclosed President Muhammad Saeed of Faisalabad Chamber of Commerce and Industry (FCCI).

The FCCI president along with vice president Ahmed Hassan presented a cheque of Rs500,000 to NTU to carry out the research activities and bring a qualitative improvement in the industry academia linkages. The Textile Corner will be set up in in the chambers’ R&D department

They also signed an upgraded MoU, which was earlier inked between FCCI and NTU about two years ago.

Commenting on the industrial cooperation under the fourth phase of CPEC, they said that industry academia linkage is imperative to survive in fast changing economic scenario.

The officials said that the decline of textile exports should raise alarm bells demanding immediate remedial measures.