Home / Knowledge / News / Textiles / New APTMA boss vows $1 bn annual investment
New APTMA boss vows $1 bn annual investment
02
Oct '15
Tariq Saud
Tariq Saud
The newly-elected central chairman of All Pakistan Textile Mills Association (Aptma), Tariq Saud, has said that the textile industry was all set to invest $1 billion annually if the government ensures a congenial environment to double the exports in the next five years, Pakistani newspapers have reported.

During his maiden speech on the occasion of the 57th Annual General Meeting of Aptma via video link to all zonal members, the new chairman vowed to restore the viability of the textile industry to ensure growth and sustainability.

“Being the Sindh-Balochistan Zone's outgoing chairman, I have been part of the association's negotiations with the government on the textile package and I am sure that Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar would announce the textile package on priority in the next few days.”

Saud's predecessor, SM Tanveer also has expressed hope that the Prime Minister's package for the textile industry would be announced soon. "Prime Minister Nawaz Sharif would announce the textile package soon after his return from abroad," he said while addressing his last meeting as Chairman of APTMA.

Aamir Fayyaz took charge as new Chairman of All Pakistan Textile Mills Association (APTMA) in the Punjab for the year 2015-16. Addressing the general body meeting after assuming charge, Fayyaz said the viability and sustainability of the industry, reduction in cost of doing business, marketing the products through innovation and diversification would be the focus of new dispensation.

"The situation is becoming more and more challenging for textile industry over the past few months," he said and added:" We will put in our best efforts under the guidance of senior leadership to take the industry out of crisis like situation." (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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