A MoU signing ceremony was held on 7th October at National Textile University, Faisalabad. The MoU was signed between NTU and Council of Power Loom Association and Shaheen Power Loom Manufacturers for the upgradation of Power looms through research and development. The event was attended by worthy Rector National Textile University, Prof. Dr Tanveer Hussain, Waheed Khaliq Ramay, Chairman, Council of Power Looms Association Pakistan and Mian Khurram Saeed, CEO Shaheen Power Looms Manufacturers, Dr Talha Ali Hamdani, Work Package Team Leader and Hassan Iftekhar Ahmed Co-PI WP-3 of Grand challenge Fund (GCF-63). It was mutually agreed that NTU will help in research and development of indigenous power loom and council of power looms association (CLOA) will provide feedback and help in commercialization of the power loom. The CEO of Shaheen Power Loom manufacturer agreed on manufacturing of power loom to make the power loom industry competitive and meet the production demands. Mr. Khurram Saeed said that NTU support will help in bringing forward the stagnant power loom industry. It was mutually agreed that NTU and Shaheen Industry will work jointly to increase the production speed and improve the quality of fabric. In this regards, Prof. Dr. Tanveer Hussain said that our doors are open for the benefit of industry and we will provide all necessary cooperation and services for the benefit of Textile industry of Pakistan. This project will not only help in capacity building but also help in import substitution and also create employment opportunities.