Home / Knowledge / News / Textiles / APTMA explores joint business ventures in China
APTMA explores joint business ventures in China
18
Jan '16
Commerce ministry officials of China's eastern port city of Weihai and the All Pakistan Textile Mills Association (APTMA) have signed a Memorandum of Understanding to explore the potential of joint ventures and investment opportunities in textile sector of the two nations during the visit of a 20-members Chinese delegation to Pakistan's Punjab province last week.

Welcoming the Chinese delegation headed by Ms Zhang Buwen of Shandog Hushan Group, Chairman APTMA Punjab Aamir Fayyaz highlighted the significance, structure, strength and sustainability of the textile industry in Pakistan.

He said there exists great potential for foreign investment in Pakistan's textile industry as it enjoys the GSP (Generalised System of preferences) plus market access to the European Union (EU). Conversion of basic textiles into clothing carries a potential of $15 billion increase in exports from Pakistan, he added.

He expressed the hope that the under construction China-Pakistan Economic corridor will further enhance trade and bilateral relations between the two countries.

Fayyaz also proposed that APTMA could act as focal organisation to facilitate matchmaking between Chinese investors and local textile groups under the joint ventures initiative. The Chinese delegation agreed to the offer and appreciated the spirit and expressed the hope that both sides can play a vital role in the expansion of trade and investment in the trade sectors of the two countries. The Chinese delegation also extended an invitation to the Pakistani businessmen to visit Weihai in May. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Amardeep Singh
Orient Craft

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X