Home / Knowledge / News / Textiles / Pakistan seeks more JVs with China: textile minister
Pakistan seeks more JVs with China: textile minister
20
Sep '17
The Pakistani Government wants to forge more joint ventures (JVs) with China and turn a business hub for the Middle East, Central and South Asia, the country’s commerce and textile minister Pervaiz Malik has said. The aim is to boost exports through value addition, he said at the three-day 18th Textile Asia International Exhibition in Lahore recently.

Stating that China is the only country that wants to transfer its technology to Pakistan, Malik said the China-Pakistan Economic Corridor offers a lot of opportunities for industrial cooperation between the two countries, according to media reports in Pakistan.

Around 275 exhibitors from 31 countries displayed more than 339 brands at the expo held during September 16-18. Participating countries included Austria, China, the Czech Republic, France, Germany, India, Italy, Korea, Taiwan, Turkey, the United Kingdom and the United States.

Many Chinese firms have shown interest in relocating their textile, garment and accessories production units to Punjab with an investment of at least $25 million per unit, according to Ijaz Khokhar, central chairman of the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), which organised the fair along with Ecommerce Gateway Pakistan (Pvt) Ltd, a leading trade fair organiser.

PRGMEA recently signed an agreement with Ecommerce Gateway Pakistan to attract foreign investment worth $375 million in the textile sector.

PRGMEA vice chairman Jawwad Chaudhry said Pakistani manufacturers found the machinery and equipment displayed at the exhibition to be highly useful for value addition and increasing exports volume.

Textile was the only sector that contributed $12,452.53 million to exports in fiscal 2016-17 and $12,447.69 million in 2015-16 — around 60 per cent of the total export figure in both the fiscals, said Chaudhry. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


July 2018

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

news category


Related Categories:

Advanced Search