News Tags

Related Keywords: cash incentives, driven primarily by surge, first five month of current fiscal year, going up steadily, Pakistan textile exporters association, Pakistan textile exports, raises expectations to touch $13 billion, technological advancement, textile sector heavily banked on energy, textile shipment jumped, trade package, value added textile exports

Pakistan textile exports have been going up steadily, in the first five month (July to November) of the current fiscal year textile shipment jumped 7.66 percent year-on-year to $5.51 billion driven primarily by a surge in value added textile exports. This positive sign raises expectations that full-year proceeds likely to touch $13 billion after a hiatus of two years.

Related Keywords: generate employment, Ministry of Textiles, national workshop, promoting textile ecosystem, scheme for integrated textile park, SITP, skill development initiatives, special purpose vehicles, technological advancement, vision of Make in India

The Ministry of Textiles, in line with Prime Minister Narendra Modi’s vision of ‘Make in India’, has organised a two-day national workshop in Surat today. The workshop is aimed to help Scheme for Integrated Textile Parks (SITP) more effective.

SITP wants to fill infrastructure gap in the textiles and apparel industry. It seeks to do this by encouraging the industry to set up greenfield industrial parks with partial capital grant support from the ministry.