The Ruyi Group official met with the CM in Islamabad recently to discuss technicalities of the memorandum of understanding (MoU) signed between the Chinese firm and Punjab Government, for the setting up of the Quaid-e-Azam Apparel Park that is being constructed in the region, reports the Nation.
Mr. Liu said that the Chinese Group made the decision to invest in the construction of the apparel park as the firm believed in the determination and working style of the Punjab government and wanted to provide technical assistance for the establishment of the park.
During the meeting, CM Sharif said that several Chinese firms were showing interest in collaborating with the Punjab government in various sectors, especially textiles, and the growing cooperation is helping to strengthen the relationship between the two countries.
The Punjab CM also informed that the investment of US$ 2 billion by the firm for the apparel park would significantly help the government in establishing the park in the region.
Last month, Ruyi Group had signed the MoU with Punjab government, under which the firm would invest US$ 2 billion in the Quaid-e-Azam Apparel Park as well as provide technical assistance in the designing, planning as well as construction of the apparel park, by jointly working with the Punjab Industrial Estates Development and Management Company (PIEDMC), for the project.
Fibre2fashion News Desk - India
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Navigating through catalogues is a bit hasslesome
‘France had a reputation of being big in new ideas, but poor in marketing...
Studio Priyanka Rajiv
‘To reinvent the age-old tradition of embroidery to suit demographics and...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
The Indian market has huge potential in technical textiles, and by far,...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Textiles | On 24th Jun 2017