New APTMA boss vows $1 bn annual investment

02 Oct '15

2 min read

The newly-elected central chairman of All Pakistan Textile Mills Association (Aptma), Tariq Saud, has said that the textile industry was all set to invest $1 billion annually if the government ensures a congenial environment to double the exports in the next five years, Pakistani newspapers have reported.

During his maiden speech on the occasion of the 57th Annual General Meeting of Aptma via video link to all zonal members, the new chairman vowed to restore the viability of the textile industry to ensure growth and sustainability.

“Being the Sindh-Balochistan Zone's outgoing chairman, I have been part of the association's negotiations with the government on the textile package and I am sure that Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar would announce the textile package on priority in the next few days.”

Saud's predecessor, SM Tanveer also has expressed hope that the Prime Minister's package for the textile industry would be announced soon. "Prime Minister Nawaz Sharif would announce the textile package soon after his return from abroad," he said while addressing his last meeting as Chairman of APTMA.

Aamir Fayyaz took charge as new Chairman of All Pakistan Textile Mills Association (APTMA) in the Punjab for the year 2015-16. Addressing the general body meeting after assuming charge, Fayyaz said the viability and sustainability of the industry, reduction in cost of doing business, marketing the products through innovation and diversification would be the focus of new dispensation.

"The situation is becoming more and more challenging for textile industry over the past few months," he said and added:" We will put in our best efforts under the guidance of senior leadership to take the industry out of crisis like situation." (SH)

Fibre2Fashion News Desk – India

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