Ministry of Textile and Industry would announce new textile policy 2014-15 in first week of September 2014 to plan the future strategy for textile industry and to facilitate the small industry for the economic development of the country.
Textile Ministry spokesman Kanwar Usman said that new textile policy would be comprehensive which would provide facility and benefit the small industries. He said that an amount of Rs 82 billion has been allocated for the ministry in budget of current fiscal year by the government.
The spokesman of textile industry said the ministry would consider the plan for brand development fund to introduce the local brand of industry in international market and award for leading exporters. He said that priority of ministry was to facilitate the small industry like handmade carpet, handmade loom sector, silk-based industry and also to provide them financial assistance.
Replying to a question, he said in new textile policy the government would establish Product Development Centre to facilitate the international firms for receiving orders at low cost from small industries. He added that the ministry would also establish the new garment houses in four big cities of the country to meet the competition in international market and facilitate the local small industries.
The spokesman said that the government has allocated Rs.4.4 billion in fiscal budget of current year to facilitate the training on 120,000 textile workers to equip them with modern skills.
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