FPCCI for setting up cottage industry parks

To fully exploit the benefit of China-Pak Economic Corridor (CPRC) project, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to establish cottage industry parks after every 300-kilometer.

Chairman FPCCI Regional Standing Committee on Cottage Industry Muhammad Yaseen raised this demand while speaking at a meeting regarding the cottage industry’s problems here at the regional office. If the proposed cottage industry parks are set up along with the CPEC route it will help promote industrial activities in small towns, he added.

The meeting participants observed that the cottage industry is facing various problems like lacking skilled manpower, liquidity crunch, load-shedding and high input cost. The meeting demanded of the government to ensure uninterrupted power supply to the cottage industry and arrange appropriate training for the workers. It also stressed the need for providing access to finance so that the liquidity problem could be resolved.

The regional standing committee chief said the demand could be increased in local as well as international market by improving the quality of finished goods. He urged the factory owners to replace their obsolete units with the new ones so that the product quality could be improved.