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Govt to float Garment City project for investors
Jul '10
The government, with a view to aid small and medium entrepreneurs from the apparel sector have decided to set up a 'Karachi Garment City Company Limited', which would offer space and other such facilities to the investors from the sector.

Federal Minister for Textile, Rana Farooq Saeed Khan, while conversing addressing a press conference stated that, President, Asif Zardari, by the end of the month would unveil 'Karachi Garment City', a project taking shape on a 300-acre plot at Karachi Port Qasim Authority.

The Minister informed that, the perception underlying the Karachi Garment City Company Limited would be to blend together, varied groups of the sewing and stitching units, so as to prepare exclusive apparels for export purpose, as also to advance an opportunity to the small and medium entrepreneurs to come out with value-added attires and accessories.

He in his conversation highlighted that, most probably, all the stitching units would share the operational space, as also general facilities like training centre, import warehouses, water treatment plants, and transport and logistics services.

The project, as it presents good investment opportunities in the sphere of value-added garment sector, would also induce new job opportunities for women workers in particular. This apart from generating additional export revenue for the nation would also reap financial benefits to the families of those women employees, he said.

He further even stated that, the country's textile industry has the calibre that it can amplify its export volumes as also revenues from exports, all by means of a shift towards value addition.

Fibre2Fashion News Desk - India

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