TOP Stories in the K.C.A News Section

Thursday, 13 October 2016

Ms. Rubina Wasti, Senior Joint Secretary, Ministry of Textile Industry, Government of Pakistan, Islamabad visited the KCA on 29-03-2016 and held a meeting with the Executive Committee & Senior Members of the Cotton Trade and discussed matters relating to Cotton/Textile sector.

In his welcoming remarks, Khawaja Tahir Mahmood, Chairman, the KCA thanked Ms. Rubina Wasti, Senior Joint Secretary, Ministry of Textile Industry, Government of Pakistan for visiting the KCA despite her pressing engagements.

Highlighting the role of the KCA in marketing of Cotton, Chairman said that the KCA is one of the oldest trade Associations in Pakistan. He apprised that it is a unique Association in the sense that it represents all segments of the cotton trade and well reputed Organization both nationally and internationally.

He added that the KCA has an inherent and transparent mechanism of fixation of daily Spot Rates which reduces speculative trade and credit risk for the borrowers. It also safeguards the interest of the financial institutions while advancing funds to ginners.

Chairman, KCA also suggested that in present scenario, our survival of Textiles Industry has been placed at stake. Unless the Government allow the textile and value added products with attractive incentives and redress the grievances of the Textile sector, it would be hardly possible for Pakistan Textile Industry to compete with its competitors.

Highlighting the salient features of the Textiles Policy 2014-19 announced by the Government, Ms. Rubina Wasti, Senior Joint Secretary, MINTEX stated that the Textiles Policy 2014-19 was based on actionable plans to make the textiles sector competitive and sustainable. She also stated that the Government would l make sure that the benefits of Textiles Policy 2014-19 were spread at the national level and had a positive impact on small and medium enterprises through various measures including development of clusters. She further stated that the main theme of the Policy was to increase dependence on special factors which give comparative advantage and to increase the use of new technologies especially ICT options, for improving competitiveness of the entire textiles value chain.

-: 18 :- Ms. Rubina Wasti apprised the house that the following goals were required to be achieved by the Government under the Textiles Policy 2014-19:-

To double value-addition from $1billion per million bales to $2 billion per million bales in five years.

To double textiles exports from $13 billion per annum to $26 billion per annum in next five years.

To facilitate additional investment of $5 billion in machinery and technology.

To improve fibres mix in favour of non-cotton i.e. 14% to 30%.

To improve product mix especially in the garment sector from 28% to 45%.

To strengthen existing textile firms and establish new ones.

SME sector will be main focus of attention to enhance growth in value-added products through support and incentives schemes.

Schemes and initiatives will be launched for increasing usage of ICT.

The textiles sector will be made domestically and internationally compliant especially with respect to labour and environment rules and conventions.

Textiles units will be encouraged to use modern management practices for improving efficiency and reducing wastages.

Clusters would be systematically developed and existing clusters will be strengthened.

Vocational training of workers for capacity building, internships and different programmes for enhancement of skills and higher per capita productivity would be introduced.

Facilitate the creation of 3 million new jobs.

Promotion of speciality skills training for professionals and supervisory levels.

Adopt measures to increase ease of doing business and reducing cost of doing business

She advised the Cotton / Textile Sectors to take maximum benefit from the incentives/ schemes announced by the Government under the Textiles Policy 2014-19. In this regard, all help and assistance would be provided to the Cotton / Textile Sectors by MINTEX, she added.

Ms. Rubina Wasti, Senior Joint Secretary, Ministry of Textile Industry, Government of Pakistan thanked the Chairman, the KCA and Executive Committee for inviting her to visit the KCA and giving an opportunity to explain and discuss the various issues, activities and programs being carried out by the MINTEX.



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