ISLAMABAD, March 19 (APP): Ambassador of Japan to Pakistan Matsuda Kuninori Thursday said that National Textile University (NTU) is the only national university of Pakistan specialized in textile education in Faisalabad, a heartland of cotton production, producing thousands of quality graduates in the textile industry.
Sharing view during a ceremony held here at EAD the ambassador was of the view that textile is a key industry of Pakistan, occupying 50-60% of its total exports and through this program, Japan will provide Ring Spinning Machine, Electronic Flat Knitting Machine, Carbon Fiber Rapier Looms and other equipment to the NTU.
He further added that textile exports have recorded growth of 3.94% in the first six months of the ongoing fiscal year. Particularly in the value-added sector, knit wear recorded growth of 7.59 % and ready-made garments recorded growth of 12.08 % respectively.
Equipment provided in this program will upgrade the educational environment of the NTU and thus will help strengthen the foundation of the textile industry in Pakistan, boost its exports of valued-added products and improve its national economy.
He at the outset reiterated that Japan continues to support Pakistan in its effort to maximize its potential in the areas with comparative advantages such as textile industry.
In 2019, the Government of Japan provided USD82.12 million in total to Pakistan under the twelve new Grant Aid projects in different sectors including health, disaster-management, agriculture and water supply. In recent years, Pakistan has been the largest recipient of Japan’s Grant Aid among the seven South Asian nations, Pakistan, India, Bangladesh, Sri Lanka, Nepal, Bhutan and Maldives.