ISLAMABAD: The government in the next financial year 2011-12 has set growth rate at 3.7 percent for manufacturing Sector as a whole, while 2 percent and 7.5 percent growth rates have been fixed for large scale and small scale manufacturing respectively.
According to a annual plan 2011 -12 of the Planning Commission, the Ministry of Industries and Production, the main growing industries in the year 2011-12 would be chemicals, automobile, pharmaceutical, electronics, leather products, paper and boards, and non-metallic minerals.
In order to see textile growing, support industries like textile machinery manufacturing, textile dyes & chemical and accessory industries are to be developed as most of the demand is currently met through imports.
Promotion of joint ventures with leading international brands is also needed, the Plan said.
According to the Plan, an allocation of Rs 2,030 million has been earmarked industry sector in the year 2011-12 for the Ministry of industries & Production for about 43 development projects.
The Plan said that major projects to be carried out in Industry Sector during 2010-11 included: Establishment of (8) Advance CAD/CAM Training Centers (Rs 321.1 million), Ceramics Development & Training Complex (Rs 314.5 million,Development Pakistan Gem & Jewellery Development Company (Rs 1,400.0 million), Development of Marble and Granites Sector al over Pakistan (Rs 1,980.0 million), Sports Industries Development Center, Sialkot (Rs 435.64 million), Agro Food Processing Facilities Multan (Rs 288.920 million), Export Processing Zones and Area Development Baluchistan including ROZs (Rs 4,000 million) and BMRE of Heavy Mechanical Complex Taxila (Rs 23,428.2 million).
An allocation of Rs 414 million has been made for the Textile sub Sector for the year 2011-12, for the Ministry of Textile Industry. Prominent projects to be launched in the year 2011-12 include: Lahore Garment City Company (Rs 497.6 million) Faisalabad Garment City (Rs 498.8 million), providing & Laying Dedicated 48 inch Diameter Mild steel water main for Textile City (Rs 636.6 million), and Pak-Korea Garment Technology Training Institute, Karachi (Rs 300 million).
The plan added that an amount of Rs.500 million has been allocated or Commerce Sector for the year 2011-12 for the Minister of Commerce. Major projects to be initiated during 2011-12 include: Adoption of Social Accountability-8,000 (Rs 124.89 million), Purchase of Equipment, Furnishing, Curriculum Development and Training of Pakistan School of Fashion Design, Lahore (Rs 755.7 million), Trade & Transport Facilities Project-2 Trade & Transport Facilitation Unit (TTFU) in MOC (Rs 360 million, Restructuring of Pakistan Institute of Trade & Development formerly Foreign Trade Institute of Pakistan (Rs 270.8 million), Program Management Unit (PMU) for setting up of Regional Reconstruction Opportunity Zones for Trade in FATA, NWFP Baluchistan and AJK (Rs 77.4 million).
Copyright APP (Associated Press of Pakistan), 2011
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