PM words draw mixed reactions from textile industry
21 Jul '07
2 min read
Prime Minister Shaukat Aziz recently praised the country's textile industry and said its growth was largely driven by healthy Government policies. He also said the Government was chalking out various strategies to improve this industry's standing in the global arena.
However, when Fibre2fashion talked to some private textile enterprises, they came up with mixed reactions. While some lauded the PM for his acknowledgement and believed in the promises he made, others were sceptical.
A source from Amtex (Pvt) Ltd, one of the leading textile manufacturing groups in Pakistan, said if anybody was responsible for the growth of the textile sector, it was the textile sector itself, not the Government. A reliable source from Akbar Fabrics (Pvt) Ltd, an export house of knitwear and woven garments, also shared this view.
The Amtex official said that apart from improving infrastructure and setting up textile training centres, the Government has to work towards lowering down interest rates if it wants the textile sector to grow.
The official from Akbar Fabrics pointed out the fact that though the Government had, in the past, offered aid to this industry, the same has not been happening for quite some time. He said that just as Governments in China and Bangladesh give incentives to their textile industries, Pakistan must also consider doing the same.
On the other hand, Gulam Ali, Director of Noreen Textiles, was all praise for the efforts taken by the Government. He believed the Government has played a vital role in developing the textile industry.
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