Home / Knowledge / News / Apparel/Garments / Punjab CM for quickly setting up Quaid-e-Azam Apparel Park
Punjab CM for quickly setting up Quaid-e-Azam Apparel Park
19
May '14
Muhammad Shahbaz Sharif, the Chief Minister of Punjab province of Pakistan, is for quickly setting up of the Quaid-e-Azam Apparel Park, proposed to come up on 1,500 acres near Motorway-2 that connects Lahore with Islamabad.
 
A high-level meeting, chaired by Mr. Sharif, has decided to set up an autonomous company in order to speedily implement Quaid-e-Azam Apparel Park project.
 
Mr. Sharif said the apparel park project would speed up economic activities in the province, and would also create millions of new employment opportunities, while contributing billions of rupees to the national and state exchequers.
 
Punjab Industries Department Secretary informed the meeting that the process of acquiring land for the proposed park has been completed.
 
Chief Minister Sharif said the apparel park project was important to promote the textile sector of the country. He said the investment by the Chinese firm Shandong Ruyi Group in the apparel park would also include extending technical cooperation to ensure technology transfer, which would help the country’s textile sector take maximum advantage of its Generalized System of Preferences Plus (GSP Plus) status given to it by the European Union.
 
Last month, Shandong Ruyi Group signed a memorandum of understanding (MoU) with the Punjab government for investing US$ 2 billion in the Quaid-e-Azam Apparel Park. As per the MoU, the Chinese textile firm would be providing technical assistance in the designing, planning as well as construction of the apparel park, and would be jointly working with the Punjab Industrial Estates Development and Management Company (PIEDMC), for the project.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search