ISLAMABAD: Textile Division has envisaged a project to promote value addition in the textile sector and strengthen small and medium entrepreneurs.
The project titled “1,000 Industrial Stitching Units” also aims to promote public private partnership. According to Press Information Department PID, 60% funding for the machinery will be provided from public sector development program (PSDP) and 40% would be borne by the beneficiary of the stitching units.
National Textile University will impart six weeks entrepreneurship training to the successful applicants. The project remained dormant since 2015. 1st Phase of the project for Establishment of 150 Industrial Stitching Units (ISU) was approved by CDWP on 15th January, 2018 at a total cost of Rs.350.545 million. However, no allocation from PSDP was made during the current financial year 2018-19.
After taking over the charge, the Advisor to the Prime Minister on Commerce & Textile has taken serious notice on extraordinary delay of the project. Under the guidance of the Advisor, Planning Commission was requested to allocate appropriate funds for the project during the FY 2018-19.
On concentrated efforts of Secretary, Textile Division, Planning Division has approved funds amounting to Rs.46.200 million.
Accordingly, Textile Division has signed an MoU with SMEDA for execution of the project on 29th March, 2019.
The project will be implemented all over the country including AJK and GB. The purpose of the project is not only to enhance exports of textile sector but also provide business/ self-employment opportunity for the garment manufacturers especially for youth.[the_ad id=”31605″]