The Textile City, coming up in the eastern region of Port Quasim under a public-private partnership mode, would generate employment opportunities for around 80,000 people, Pakistan's Finance Minister Dr. Abdul Hafeez Shaikh has said.
He stated that the Textile City is one of the country's mega projects being developed with an estimated investment of PKR 1.5 billion for its initial infrastructure facility.
The City would be set up on an area of 1250 acres, and would have 800 plots incorporating all subsidiary units of the textile industry, he said.
The Minister said that the Textile City would be supplied with 20 million gallons of water and 250 MW of power each day and added that the Executive Committee of National Economic Council (ECNEC) is expected to grant its approval to the same within a week's time.
All steps are being initialized to ensure provision of all necessary facilities for establishment of a high-tech Textile City, Dr. Shaikh said, and added that the project is significant for the country in the context of intensifying textile exports.
Zaheer Khan, CEO of the Textile City, said that the idea was to set up an industrial zone housing world class facilities for value added textiles and thereby to present Pakistan as a textile hub.
He also stated that the work in respect of establishment of the City is being handled by a team of professionals and would be completed by mid-2012.
The City would incorporate facilities like single window operation, treatment plant, utility supply, etc., the CEO said.
Fibre2fashion News Desk - India
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