Textile Asia 2018 concludes with deals worth $175m

Published: September 11, 2018
SHARES
Email
 Textile exhibition held. PHOTO: FILE

Textile exhibition held. PHOTO: FILE

LAHORE: A number of Memorandum of Understandings worth $175 million in total have been signed for joint ventures to help develop the textile sector in Pakistan on modern lines, said E-commerce Gateway President Dr Khursheed Nizam.

Speaking at Asia’s biggest international trade exhibition, “Textile Asia-2018”, jointly organised by the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) and E-commerce Gateway, Nizam claimed that more than 55,000 people had visited the trade fair from different sectors of the textile industry, during the last three days.

He was of the view that the agreements signed will help develop the textile sector in Pakistan on modern lines by exchanging innovative ideas with the industry’s leaders from around the world.  PCJCCI President SM Naveed informed that Chinese companies had shown interest in relocating production of their textile, garment and accessories to Punjab, which has an investment of at least $25 million for each unit.

Published in The Express Tribune, September 11th, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Facebook Conversations

Leave Your Reply Below

Your comments may appear in The Express Tribune paper. For this reason we encourage you to provide your city. The Express Tribune does not bear any responsibility for user comments.

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

More in Business