Tex­tile pol­icy 2014-19 not yet func­tional: Chair­man APTMA

The Pak Banker - - NATIONAL - Staff Re­porter

Chair­man APTMA S M Tan­veer has said the Tex­tile Pol­icy 2014-19 has not seen day­light de­spite eight months of cur­rent fis­cal, re­flect­ing lack of in­ter­est of the fed­eral gov­ern­ment in pro­mot­ing and pro­tect­ing tex­tile in­dus­try. He was hold­ing a joint press con­fer­ence along with Group Leader APTMA Go­har Ejaz at the APTMA Pun­jab of­fice on Tues­day.

He said de­lay in an­nounce­ment of tex­tile pol­icy 2014-19 fur­ther sug­gests that the present gov­ern­ment is not dif­fer­ent from the pre­vi­ous one, which had al­lo­cated Rs180 bil­lion in Tex­tile Pol­icy 2009-14 whereas the dis­bursed only Rs28 bil­lion which is 15% lower of the al­lo­ca­tion' he added.

He said both In­dia and Bangladesh an­nounced their Tex­tile Poli­cies and regis­tered 2008-2013 a growth of 94% and 160% re­spec­tively in ex­ports against merely 22% of Pak­istan dur­ing 2009-14. The World tex­tile ex­ports also grew by 45% on an av­er­age dur­ing the same pe­riod, he said.

While dub­bing the fed­eral tex­tile min­istry as "tooth­less" and "failed" min­istry, he said an un­due de­lay in an­nounce­ment of tex­tile pol­icy 2014-19 has al­ready left Pak­istan far be­hind against the re­gion coun­ter­parts, he added.

He said to­day 30% of the in­dus­try ca­pac­ity is non-op­er­a­tional, ex­ports are stag­nant and no new in­vest­ment has taken place since 2006. He lamented that the gov­ern­ment had no fo­cus on the growth of tex­tile in­dus­try and the tex­tile pol­icy, there­fore, has been de­layed by almost last eight months.

Ac­cord­ing to him, the pro­posed tex­tile pol­icy for 2014-19 speaks about al­lo­ca­tion of Rs60 bil­lion, which is a drop in the ocean and gov­ern­ment should en­hance it to Rs200 bil­lion at least.

He said the goals set in the pro­posed tex­tile pol­icy 2014-19, dou­ble tex­tile ex­ports, $1 bil­lion in­vest­ment per an­num, em­ploy­ment cre­ation, raw ma­te­rial avail­abil­ity of both cot­ton and man-made fiber are not pos­si­ble to meet with such a mea­gre al­lo­ca­tion. Al­ready, he said, the tex­tile in­dus­try is fac­ing con­straints in­clud­ing en­ergy avail­abil­ity and af­ford­abil­ity, high fi­nan­cial costs, raw ma­te­rial short­ages, in­dus­trial struc­tural im­bal­ances and stag­nant tex­tile in­dus­try in­vest­ment, pol­icy and im­ple­men­ta­tion di­vide, coun­try per­cep­tion and limited mar­ket ac­cess, high cost of do­ing business and pend­ing re­funds of tex­tile in­dus­try swelled to Rs20 bil­lion each un­der sales tax and in­come tax.

While putting for­ward pro­pos­als for much-awaited tex­tile pol­icy 2014-19, Chair­man APTMA has sought guar­an­teed un­in­ter­rupted elec­tric­ity and gas sup­ply, Tech­nol­ogy Up-gra­da­tion Fund Scheme (TUFS) for BMR and green­field projects, cot­ton pro­duc­tion tar­get of 20 mil­lion bales, MMF avail­abil­ity on com­pet­i­tive price, new in­vest­ment, in­cen­tives on do­mes­tic con­sump­tion of tex­tiles and cloth­ing and im­me­di­ate liq­ui­da­tion of pend­ing re­funds of tex­tile in­dus­try.

Speak­ing on the oc­ca­sion, Group Leader APTMA said the over­loaded sub­si­dies for Tex­tile in­dus­try in In­dia has made Pak­istan's tex­tile in­dus­try un­com­pet­i­tive. Pak­istan's flag­ship tex­tile in­dus­try is fac­ing the fate of na­tional hockey team due to inat­ten­tive at­ti­tude of the gov­ern­ment.

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