“It is therefore very difficult for local producers to compete with India on this particular product. However, Mr Shahabuddin strongly believed that trade relations between the two countries could be significantly improved by removing trade barriers which hampers exchange of goods and services .Experts have recommended that unless the Government of Pakistan encourages small power looms by giving them incentives, improved manufacturing unit cannot be established. Besides, the cottage industry should also be developed and organized so that domestic yarn consumption could be increased.Source: Fibre2fashion New Desk – India”
Date:5/21/2008
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