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Pakistan Textile City may be launched in July 2014
27
May '14
The Pakistan Textile City (PTC), an industrial zone dedicated to the textile processing and related industry, is expected to be launched in July 2014, the National Assembly’s standing committee on textile industry was told.
 
Briefing the committee, PTC chairman Mirza Ikhtiar Baig said the textile industrial zone is spread over an area of 1250 acres, near Port Qasim in Karachi, about 6 km from the National Highway.
 
The 15-member committee chaired by Haji Muhammad Akram Ansari reviewed the progress of the work on the PTC, which is primarily aimed at developing and operating value-added textile industries.
 
Mr. Baig informed the committee that 50MW uninterrupted power supply has been arranged from K-Electric, and there is also adequate water supply. He said the National Bank of Pakistan has approved an additional funding of Pk Rs. 1.165 billion to meet the remaining expenditures of the project.
 
He exuded satisfaction that value-added textile sector was showing keen interest in the project owing to its strategic location and better infrastructure. He said that efforts are underway to launch the project by July 2014.
 
Mr. Ansari said once the PTC project becomes operational, it would create about 80,000 new jobs, and also contribute to increased foreign exchange earnings through exports.
 
Meanwhile, the PTC has requested the Sui Southern Gas Company to allow use of gas supplied by it for dual purpose, i.e. for operation of boilers in textile units and for power generation. The decision on the same is awaited as the request is pending for approval by Prime Minister Nawaz Sharif to whom the Ministry of Petroleum and Natural Resources has forwarded the case.
 

Fibre2fashion News Desk - India


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