Textile sector hinges on new blueprint

The surviving manufacturers in the country’s troubled textile sector are pinning their hopes on legislative approval of a raft of incentives, including tax holidays and statutory procurement quotas, contained in a new blueprint.

The Textile and Clothing Sector strategy launched last week is a government sanctioned blueprint for resuscitating the local textile sector, increasing its domestic, regional and international market share and also ensuring its optimal contribution to economic diversification.