Home / Knowledge / News / Textiles / Japanese firms to invest in Textile City
Japanese firms to invest in Textile City
24
Sep '11
Japanese firms will invest in the upcoming Pakistan Textile City in the Eastern Industrial Zone of Port Qasim in Karachi.

The Textile City project is aimed at attracting maximum foreign direct investment to give a fillip to the country's textile and garment industry. The plan is to establish at least 277 new textile and garment units in the demarcated area for the project.

It is being set up on 1,250 acres of land as a state-of-the-art industrial zone for value-added textile sectors. It will be equipped with latest infrastructure facilities and is estimated to help increase the country's exports significantly.

During the visit of a Japanese delegation, Federal Minister for Textile Industry Makhdoom Shahabuddin gave an assurance that latest facilities and total security would be provided to Japanese investors.

All Pakistan Textile Mills Association (APTMA) Chairman, Mr. Gohar Ejaz told Fibre2fashion, “We are looking forward to a lot of investments not only from Japan, but also from Korean and Chinese companies to set up their apparel units in the Textile City.”

“Pakistan is the 4th largest producer of cotton and the 3rd largest producer of yarn in the world. It has surplus of US$ 2 billion worth of yarn and fabric, in addition to availability of skilled manpower to set up garment units. Hence, it will be a great opportunity for large companies from these 3 countries – Japan, Korea and China - to invest in the Textile City and set up export-oriented manufacturing units,” he reasoned.

He further explained, “It makes sense to invest in the Textile City now, as it is still in the planning stage. Pakistan every year exports billions of dollars of dyed fabric alone, so the fabric is readily available.”

Among other reasons for investing in the Textile City by Japanese and other firms, Mr. Ejaz said, “Pakistan-made fabrics are exported to all branded manufacturers. The products are of very high standards and are approved by all the big companies. So, it should attract foreign companies to come and invest in the project.”

“Finally,” the APTMA Chairman said, “the grey or dyed fabric producing companies in Pakistan meet international standards. All these are enough reasons for Japanese companies to invest.”

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Vasanth Kumar
Max Fashion India

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

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

Marcel Alberts
Eurofibers

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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