BOI will hold road shows in China, Germany to push FDI in textile industry

The Board of Investment (BOI) to stimulate foreign direct investment (FDI) flow into the country with focus on textile and steel industries in collaboration with different chambers of commerce and All Pakistan Textile Mills Association (Aptma) will be organizing road shows.

Under the new work plan, road shows will be held in China, Germany and other major economies in coming months, said BOI spokesman Shah Jahan.

They expect huge foreign investment from different groups because of prudent policies, believing foreign investors were keen to invest in Pakistan.

The government is committed to offering ease of doing business to foreign investors and also global competitiveness to multinational companies, Shah Jahan added.

They are mainly focused on achieving the FDI target of $15 billion by 2025.

Recent Posts

trinamiX to use NIR technology for supply chain transparency

trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.

23 hours ago

Bezos Earth Fund to develop next-gen materials for fashion industry

The Bezos Earth Fund has announced an investment of $34 million to support the development of new materials for the…

23 hours ago

STCH to launch Fabric GPT for innovative fabric development

STCH is working on a system called “fabric GPT.” This tool is trained on large amounts of data related to…

23 hours ago

Adsorbi launches cellulose-based filters for air purification

Adsorbi has announced the launch of Arbomax, a new range of high-capacity filter materials made from cellulose and designed for…

2 days ago

Strataglass launches marine fabric for enhanced performance

Strataglass LLC has introduced Latitude, a new marine fabric designed for use in vinyl enclosure products.

2 days ago

Kia, Bcomp use bio-based materials in automobiles

Kia introduced its Vision Meta Turismo concept car, reimagining a 1960s saloon, combining elegant shape with a forward-looking, and human-focused…

2 days ago