Home / Knowledge / News / Textiles / Textile City project to boost entire textile value-chain
Textile City project to boost entire textile value-chain
01
Aug '11
The sale of plots at Pakistan's Textile City coming up at Port Qasim near Karachi has begun with the country's Prime Minister Yousaf Raza Gilani officially announcing the same at a ceremony.

The Government's initiative for the launch of Pakistan Textile City at Karachi has been welcomed by the entire textile community in the country including Karachi Cotton Association (KCA), Pakistan Yarn Merchant Association (PYMA), and the All Pakistan Textile Mills Association (APTMA).

The Government's initiative to provide world-class infrastructural facilities has been praised even by international investors.

Mr. Shakeel Ahmad, member KCA, Mr. Ghulam Rabbani, executive member PYMA, and Mr. Yasin Siddik, President of Sindh Balochistan chapter of APTMA have issued a joint statement along with Mr. Fazal Ahmed, an international investor who is also currently the Director at the Texas, US-based Drachenberg Trading Company.

The joint statement says that the entire value chain of the Pakistan's textile sector from cotton and yarn to clothing would be greatly benefited once the mega project is complete.

Mr. Ahmad said the project would provide several direct and indirect benefits to the industrial sector and added that the cotton cultivators can look forward to get better price for their produce.

He said that the price of cotton would become more stable as the lint output would increase. The setting up of the mega project would generate several jobs, besides increasing the income from activities like movement of goods and transport, he added.

Mr. Rabbani was of the opinion that the yarn sector of the country would be able to easily compete in the global markets, once the project is completed.

He elaborated that the establishment of Textile mills and garment manufacturing facilities will increase the domestic demand for yarn. He further said that the rise in exports after the completion of the Textile City would also result in an increase in the demand for quality yarn.

The mega project aims to attract an investment of around US$ 250 million in the country's value-added textile sector, and will support the balance of payment situation as it would lead to exports of more than US$ 3 billion, he added.

Mr. Siddik said Pakistan's textile sector would be in a better position to compete with other textiles exporting countries like Bangladesh, China and India, once the WTO quota system comes to an end.

The facilities at Pakistan Textile City would attract joint ventures, and thus enhance the market share of the country's textile goods, he said.

Mr. Ahmed said that international investors have shown interest in joint ventures with textile sector in Pakistan as they feel comfortable of secure industrial activities in the nearly 270 new spinning and textile units that are expected to be set up at the Textile City.

Pakistan Textile City is expected to generate direct employment to more than 80,000 people, once the mega project starts functioning at full capacity.

Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Aditi Somani
Aditi Somani

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

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra
Huemn

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

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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