Home / Knowledge / News / Apparel/Garments / Chinese firm to invest US$ 119mn in Punjab Apparel Park
Chinese firm to invest US$ 119mn in Punjab Apparel Park
11
Mar '14
Shandong Ruyi Group of China would invest US$ 119 million for providing technical assistance to aid establishment of Punjab Apparel Park in Pakistan’s Punjab province.
 
This was announced when a Chinese delegation led by chairman of Shandong Ruyi Group, Yafu Qiu, met Chief Minister of Punjab, Shahbaz Sharif, who welcomed the investment support. 
 
Mr. Sharif said the setting up of an avant-garde apparel park in the province would strengthen the country’s textile sector by allowing it to fully tap the benefits of the Generalized System of Preference (GSP) Plus status earned from the EU by boosting exports and thereby enhancing employment generation in the country.
 
Referring to announcement of an US$ 32 billion investment package by China, Mr. Sharif said through the investment package the Chinese Government and other Chinese firms would extend financial cooperation in energy, infrastructure and transport sectors of Pakistan.
 
Assuring full utilization of the investment package and speedy execution of all the projects, the CM highlighted that all efforts are being made to extend best facilities to local as well as overseas firms investing in Pakistan.
 
Mr. Shahbaz noted that a delegation representing the Punjab government would soon pay a visit to the industrial zone of Shandong Ruyi Group in China.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th May 2016

CAIT for joint coalition of trade & industry on GST

Proposing a joint coalition of trade and industry bodies, the...

Apparel/Garments | On 25th May 2016

New GS1 US rule blends e-commerce fulfillment methods

A new guideline focused on e-commerce and omni-channel fulfillment...

Courtesy- PVH Corp

Apparel/Garments | On 25th May 2016

PVH Corp & Grupo Axo announces joint venture in Mexico

PVH Corp, one of the largest apparel companies in the world and Grupo ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

To which countries does India export majority of its hand-embroidered...

Binoy Ravjani
Hero's Fashion

What are the latest trends in hand block printing?

Siddharth Biyani
Mangalam Industries Pvt Ltd

How is the man-made fibre (MMF) industry shaping up? How is Mangalam...

Marten Alkhagen
Swerea IVF AB

<b><i>Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Eamonn Tighe
Nature Works LLC

<b><i>Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search