The Pakistan Ministry of Textile is ready with its new textile policy 2014-15 having future strategy for the industry and also comprises a plan to facilitate smaller units for the economic development of the country. The new textile policy is set to be announced in the first week of September.
Kanwar Usman, the spokesperson for the ministry, said that the policy will be comprehensive and 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.
The ministry would also establish new garment houses in the four big cities of the country to meet competition in the international market.
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.
The ministryâ€™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.
The policy will establish Product Development Centre to facilitate international firms for receiving orders at low costs from small industries.
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