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    PTI Textile Policy Presentation (Complete)

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    Insaf.PK
    This document summarizes Pakistan's draft textile policy for 2018-2023. The policy aims to strengthen and improve Pakistan's textile sector to make it a global leader in value-added textile exports. Key objectives include increasing cotton production, investment in technology, improving product mix, strengthening SMEs, promoting vocational training, research and development, ease of doing business, and reducing costs. The policy proposes measures to reduce energy costs, provide budgetary relief, regulate currency, facilitate direct shipments, shift product mix to man-made fibers, ensure GSP+ status, enhance R&D, establish modern labs, facilitate textile machinery manufacturing, develop allied industries, improve marketing, reform industrial zones, and strengthen human

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    PTI Textile Policy Presentation (Complete)

    Uploaded by

    Insaf.PK
    10K views18 pages
    This document summarizes Pakistan's draft textile policy for 2018-2023. The policy aims to strengthen and improve Pakistan's textile sector to make it a global leader in value-added textile exports. Key objectives include increasing cotton production, investment in technology, improving product mix, strengthening SMEs, promoting vocational training, research and development, ease of doing business, and reducing costs. The policy proposes measures to reduce energy costs, provide budgetary relief, regulate currency, facilitate direct shipments, shift product mix to man-made fibers, ensure GSP+ status, enhance R&D, establish modern labs, facilitate textile machinery manufacturing, develop allied industries, improve marketing, reform industrial zones, and strengthen human

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    The complete presentation of PTI textile policy

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    This document summarizes Pakistan's draft textile policy for 2018-2023. The policy aims to strengthen and improve Pakistan's textile sector to make it a global leader in value-added textile exports. Key objectives include increasing cotton production, investment in technology, improving product mix, strengthening SMEs, promoting vocational training, research and development, ease of doing business, and reducing costs. The policy proposes measures to reduce energy costs, provide budgetary relief, regulate currency, facilitate direct shipments, shift product mix to man-made fibers, ensure GSP+ status, enhance R&D, establish modern labs, facilitate textile machinery manufacturing, develop allied industries, improve marketing, reform industrial zones, and strengthen human

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10K views18 pages

    PTI Textile Policy Presentation (Complete)

    Uploaded by

    Insaf.PK
    This document summarizes Pakistan's draft textile policy for 2018-2023. The policy aims to strengthen and improve Pakistan's textile sector to make it a global leader in value-added textile exports. Key objectives include increasing cotton production, investment in technology, improving product mix, strengthening SMEs, promoting vocational training, research and development, ease of doing business, and reducing costs. The policy proposes measures to reduce energy costs, provide budgetary relief, regulate currency, facilitate direct shipments, shift product mix to man-made fibers, ensure GSP+ status, enhance R&D, establish modern labs, facilitate textile machinery manufacturing, develop allied industries, improve marketing, reform industrial zones, and strengthen human

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    PTI’s Draft

    Textile Policy 2018-2023


    Prepared by

    Mr. Zafar Iqbal Sarwar


    With consultation of all Stakeholders
    Sessions
    Faisalabad Lahore Islamabad Karachi

    Members on Board
    PTEA
    APTMA

    PHMA
    APBUMA
    APTPMA
    Policy Statement
    This Policy aims to strengthen and improve Textile Sector of Pakistan in
    order to become global leader in value added textile export.

    Vision

    Textile is a major sector of Pakistan Economy, with great potential of


    value addition. This Policy intends to increase its share in GDP and
    export by carrying out structural reforms.
    Policy Objectives
    1. To become world market leader by increasing significant
    value added exports.
    2. To increase cotton production.
    3. To facilitate additional investment in machinery and
    technology.
    4. To improve product mix.
    5. To strengthen Small and Medium Enterprises.
    6. To promote vocational training.
    7. To ensure productive Research and Development in the
    sector.
    8. To increase Ease of Doing Business.
    9. To reduce Cost of Doing Business.
    1. Energy
     PTI believes that energy costs (electricity, gas and other fuels)
    should be regionally competitive; proposed price
    Electricity:
    Proposed price US Cents 7.50/KWh
    (1 USD = PKR 105.12 based on one year average before devaluation)
    Electricity Costs US Cents / KWh
    12

    10 11
    8 9
    8.3
    6 7 7.3
    US Cents / KWh

    0
    Vietnam Bangladesh China India Pakistan

    Source: http://pkonweb.com/infographics/
    /
    http://www.india-briefing.com/news/industrial-power-rates-india-11062.html
    http://china-businesspark.com/businessparks/province/shanghai/Shanghai%20Spark%20Development%20Zone%20Xinghuo.htm
    http://viipip.com/homeen/?module=compareip&ipId1=129&ipId2=156&ipId3=77
    Gas:
    Gas rate should be across the board and proposed rate is 6.50 USD / MMBTU;
    Current Rates:
    GAS RATE: USD. 5.71/MMBTU+1.90(GIDC)=USAGE 28%
    RLNG: USD 10.94/MMBTU = USAGE 72%
    AVERAGE PRICE: USD 10.01/MMBTU
    Special Notes: Current devaluation will effect further increase in RLNG
    (1 USD = PKR 105.12 based on one year average before devaluation)

    Source: http://pkonweb.com/infographics/ https://www.docdroid.net/rFOgyN5/vt.docx


    http://egazette.nic.in/WriteReadData/2016/171314.pdf/ http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ28-2017cs.pdf
    http://www.excisedaman.gov.in/pdf/Trade%20Notice%20No.%2005%20of%202017-18.pdf
    2. Budgetary Relief
     Current Textile Relief Package will be extended without any condition of increase
    10%.(Greige fabric + Yarn @ 4%,Proocessed Fabric @5%,Made-ups @ 6%,Garments @
    7%)
     Regional comparison is as follows;
    Incentives/Rebates on investment, production and exports
    Bangladesh China India Vietnam Pakistan
    4% on apparel *Interest free loans, Duty drawbacks Tax break of 10-17 Drawbacks of
    export, additional 50% tax break, 4 cent from 2.5% to 11.5%, % 4-7%
    5% on use of elec., 50% refund of additional 5%
    domestic yarn and land route expenses. compensatory
    fabrics. rebate to match
    GSP+ to Pakistan
    *Textile Industry in Xinjiang Province.
    https://www.docdroid.net/rFOgyN5/vt.docx
    http://egazette.nic.in/WriteReadData/2016/171314.pdf/ http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-
    2017/circ28-2017cs.pdf http://www.excisedaman.gov.in/pdf/Trade%20Notice%20No.%2005%20of%202017-18.pdf

     Blocked refund of Income Tax, Sales Tax and all other refunds due from Government will be
    immediately released.
     Subsequent refu d orders issued will take for of Negotiable I stru e ts .
     Export oriented sector will be 100% zero rated (Exporters are paying sale tax on value addition
    accessories and no refund is made).
    3. Economic Measures
    Currency should be regulated by State Bank
    based on economical fundamentals and not by
    finance ministry based on political parameters.
    Direct shipment model will be supported .
    4. Product Mix/Man–Made Fibers (Report)
     we will facilitate the transition of Pakistan product mix to match the currant
    international market preference
    World Data (The increase of the world fiber market consumption was 1.5% up to 99 million
    tons in 2016e according preliminary calculation. Oil-based synthetic fibers had the biggest share
    with 62.7%. Cellulosic and protein-based fibers consist of cotton (around 24.3%), wood-based
    cellulose fibers (around 6.6%), other natural fibers (around 5.3%) and wool (around 1.1%) .

    Demand 2016 Global Forecast

    Sources: ICAC, CIRFS, TFY, FEB, Lenzing estimates


    5. GSP Plus Plan
     Special focus will be given to ensure continuity of GSP+ status
    of Pakistan. Lobbying in EU will be strengthened by our
    foreign missions with the help of trade regulatory authorities
    in Pakistan.
     Social compliance is the major factor of GSP plus status. Strict
    action will be taken to ensure waste / environmental
    technologies & enforcement of social compliant laws. Public
    private partnership will be encouraged
    6. Research and Development in Cotton and
    Textile Sector
    Despite existence of research institutes, the average yield of
    Cotton Crop is dropping. PTI believes that the following measure
    will be taken in order to enhance cotton crop in Pakistan;

     Textile Research Forum will be formulated


     Introduction of genetically modified new seeds which give
    better yield and can grow in areas where water is scarce
     Production of Organic Cotton will be encouraged
     It will be ensured that right prices are paid to farmer
    7. Modern Textile Laboratories
     PTI will facilitate all testing to be done in Pakistan.
    Internationally Accredited Labs will be encouraged to
    bring their testing facilities to Pakistan.

     Europe is diverting to GPP (Green Product


    Procurement), special focus will be given to install
    testi g e uip e t fo ha ful su sta es” in
    Pakistan.
    8. Facilitation of Manufacturing of Textile
    Machinery in Pakistan
    Joint Ventures/investments will be encouraged to
    establish Textile Machinery Manufacturing/Up-
    Gradation Plants in Pakistan.
    PTI will support and facilitate such ventures, which
    will bring foreign direct investment and expertise
    in Pakistan.
    9. Allied Industries
    (Supportive Industries For Value Added Textiles)

    Steps will be taken to ensure that all required input is


    produced / manufactured in Pakistan to the extent
    economically viable.
    Allied industries to Export Oriented Industries will
    also be treated as subsidiary Export Oriented
    Industries. Export sector cannot survive without
    strengthening the allied industries.
    10. PTI supportive Marketing Plan
    Expo / trade delegation in Pakistan /Abroad,
    performance of commercial counselors , reform in
    PTAs and FTAs, Made in Pakistan brand, Bringing of
    Amazon, eBay, alibaba in Pakistan, engaging overseas
    Pakistan and visa facilitation.
    11. Reform Existing Industrial Zones
    PTI will take steps to improve existing zones (Lahore,
    Faisalabad, Karachi, Multan, Sialkot) to get them
    fully operational under one window all issues being
    faced by industrialists will be addressed swiftly and
    transparently, without any prejudice in these zones.
    Special focus will be on multi fiber production based
    industries.
    12. Human Resource Development
    Special Courses tailored to fulfill the needs of
    the Textile Industry (ginning, spinning,
    weaving, stitching etc.) will be introduced in
    Vocational Training Institutes.
    Design and Fashion Institute will be
    encouraged to introduce fashion brands in
    international markets according to their
    trends.

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