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Sindh CM invites Chinese investment in Textile City
25
Oct '13
Syed Qaim Ali Shah, Chief Minister (CM) of Pakistan’s Sindh province, has invited Chinese textile companies to set up their units in the Textile City being developed in the Port Industrial Area, near Karachi, in case of relocation outside China, APP reported.
 
Mr. Qaim Ali spoke to representatives of Chinese textile companies when he visited the state-owned Sichuan Textile Import-Export Corporation.
 
The Chief Minister assured the Chinese companies of maximum support for boosting trade ties and finding out areas of mutual cooperation between All Pakistan Textile Mills Association (APTMA) of Sindh and Sichuan Textile Import and Export Corporation.
 
The cotton and textile related trade between Pakistan and China’s Sichuan province is not as per its potential and hence there is a need to increase the same, according to Director General of Textile.
 
Mr. Qiam Ali was in China to attend the sixth Western China International Cooperation Forum in Chengdu, capital of Sichuan Province.
 
Delivering the keynote speech at the Forum, Chinese Vice Premier Wang Yang said the Western region of China has seen vast economic improvement since the launch of the Government’s western development strategy.
 
In spite of marked progress in several sectors, including the infrastructure sector, the western regions still lag behind the eastern regions, and therefore, the Chinese Government would continue its efforts to develop the western regions and strengthen mechanisms to increase the regions’ cooperation with foreign countries, Wang said.
 
Sichuan province is rich in natural resources and natural fibres such as cotton, silk, ramie and wool, which has laid a solid foundation for the textile industry in the province, which currently has all types of textile manufacturers.
 

Fibre2fashion News Desk - India


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