KARACHI (APP) - Federal Advisor on Textile Dr Mirza Ikhtiar Baig said Monday that the government was targeting over $ 10 billion of exports of textiles and garments made-ups in the successive years. He was addressing a press conference on the 3rd and closing day of 7th Textile Asia at Karachi Expo Centre. He said that all the exhibitors were returning home with satisfaction after negotiating sufficient business at the event. It is heartening to learn that a number of MoUs have been signed at Textile Asia. A total business of approximately $ 30 million (about Rs 2.5 billion) has been negotiated in these three days of the exhibition, he noted. The event ended successfully and all in all attracted more than 212 foreign delegates and over 38,465 trade/corporate visitors till now and the flow of visitors can still be witnessed, he added. He said that textile and garment are two of Pakistan principal industries contributing more than 67pc to total export earnings, accounting for around 46pc of total manufacturing and employing over 38pc of the manufacturing labor force. The Federal Advisor said that to support investment for upgrading textiles machinery and technology, the government has issued Technology Up-gradation Support Order 2010 and has allocated Rs 40 billion towards various incentives allowed in the new Textile Policy 2009-14. These included the opening of export marketing offices and warehouses abroad, 50pc reimbursement of 3 foreign staff, 50pc payment of one year rental and 50pc subsidy for the acquisitions of brands and franchises. Dr. Khursheed Nizam, President Ecommerce Gateway said that Textile Asia has created a firm reputation share in strengthening our Textile and Garment industry. He said the 8th Textile Asia 2011 Intl Exhibition will be held on April 3-5, 2011.