ISLAMABAD (APP) - Prime Minister Yousaf Raza Gilani on Monday constituted Cabinets committee to evaluate the new textile policy and said the government would provide incentives for modernizing the textile industry and making it more efficient. Chairing a meeting specially convened for the presentation of new textile policy, the Prime Minister said new measures would greatly help in reinvigorating the textile sector, which was the backbone of national economy. The meeting at PM House discussed and reviewed strategies to develop textile sector and enhance its exports, besides approving the proposal for enhancing womens role in textile sector. The PM emphasized to focus on areas through which optimum yield of cotton could be procured. He underscored the need for improvement in quality and quantity of cotton in order to strengthen the competitiveness of textile industry and facilitate the export of textile products. He called for integrated textile value chain which could help towards adding value to countrys agriculture potential by serving domestic needs as well as high value export demand through a well-planned industrial structure, product diversification and institutional framework. Earlier, the PM was briefed about the salient features of new textile policy, aimed at bolstering the sector in a big way by facilitating the sector to develop international and domestic-driven capabilities, development of state-of-the-art infrastructure facilities, comprehensive skill development framework to increase supply of efficient human resource, development of standards for international compliance, increasing productivity and improving quality. The new policy focuses more on research and development to increase supply of quality fibres and increase efficiency of downstream sector in line with domestic and int'l market requirements. The meeting was informed that the primary aim of the policy would be to achieve an export target of US$25 billion and creating 2.9 million jobs over the next five year by addressing the cross cutting issues and through specific initiatives for consolidation of the fragmented sub-sector. The new policy will lay foundation for a prospective plan spread over next 15 years under which the country will move at the higher end of world textile map by achieving a target of textile exports between US$ 75 - 100 billion. The Prime Minister was informed that the Ministry of Textile has formulated the textile policy after thread-bare consultation with the private sector and other stakeholders. The meeting was attended by the Federal Minister for Defence Ahmad Mukhtar; Federal Minister for Food and Agriculture, Nazar Mohammad Gondal; Federal Minister for Investment, Waqar Ahmad; Federal Minister for Textile Industry Rana Mohammad Farooq, Federal Minister for Privatization Syed Naveed Qamar; Advisor to PM on Finance Shaukat Tareen, Deputy Chairman Planning Commission Sardar Aseef Ahmad Ali and Secretaries of textile, finance, food, planning and investment.