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8 PRC firms keen to invest in Pak textile sector

03
Aug '19
Pic: Shutterstock
Pic: Shutterstock
Eight Chinese textile companies evinced keen interest in investing in Pakistan's textile sector when a delegation from those firms led by Huang Weiguo, chairman of Shanghai Yuanyi Industry, called on Prime Minister Imran Khan in Islamabad recently. Khan highlighted Pakistan’ strategic location, a large market and cost-effective and skilled labour.

The delegation also met minister for industry, trade, information and culture of Punjab province Mian Aslam Iqbal, who said China can help raise Pakistan’s exports by relocating export-oriented industries and initiating joint ventures in various fields, according to Pakistani media reports.

A garment city spread over 400 acres is being established at Kasur Road and China Railway will invest $500 million there to generate 3000 employment opportunities, Iqbal added. (DS)

Fibre2Fashion News Desk – India


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