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Implementation of Textile Policy Reviewed

Islamabad: A meeting of Textile Policy Implementation and Liaison Committee was held at Ministry of Textile Industry, Islamabad. The meeting was chaired by Secretary, Ministry of Textile Industry, Shahid Rashid. Representatives of stakeholders like APTMA Chairman, Towel Manufacturer Association (TMA), Fiber Group, Filament Yarn, National Textile University (NTU), Engineering Development Board (EDB) and APBUMA were also present in the meeting.

The agenda of the meeting was (i) to review the Textile Policy Implementation and discuss the way forward (ii) Technology up-gradation fund scheme (iii) Draft Textile Law (iv) Disbursement Plan for the first tranche of short term scheme.

Speaking on the occasion Secretary Textiles, Shahid Rashid said that short term measures under Textile Policy are being implemented Ministry is also now moving to work on the implementation of medium and long term initiatives which include Technology Up-gradation development of standards, projects for skill development and infrastructure development in partnership with private sector.

Stakeholders were informed that more than 17 billion rupees have been disbursed to the industry under various schemes, and further request has been sent to Ministry of Finance to allocate more funds to support industry and settle remaining claims.

On the issue of Technology Up-gradation Fund Scheme, the eligibility criteria and technology parameters were presented to the stakeholders who sought two weeks to provide their feedback.

Furthermore, draft copy of the Textile Law was also shared with the stakeholders, which includes, inter-alia the establishment of the Federal Textile Board comprising of 14 members from public and 14 members from private sector. The board will have legal framework to develop standards and make recommendations on developmental issues.

The ministry also shared the status of allocated funds for current financial year with the stakeholders. Secretary informed the participants that they are in close consultation with the Ministry of Finance for release of more funds as approved by the Cabinet Committee on Textiles.

In reply to the major concern of the stakeholders about the drawbacks on local taxes and levies DLTL, Secretary informed that in the 2011-12, a sum of Rs. 7.5 billion had been allocated and the Ministry of Textile Industry has sought 3 billion from Ministry of Finance but only 1 billion could be released so far. Efforts are underway to seek additional funds to pay the pending liabilities of textile sector to provide relief.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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