Chinese investor show keen interest in Pakistan textile sector

Chinese high profile delegation represented by Chinese textile companies and investors from Shenzhen province, led by Deputy Director, Department of Commerce, China Zhang Shaoyun visiting Pakistan, showed deep interest in Pakistani textile sector including entering deals with Pakistani businessmen for sale of goods and purchase of textile raw materials and for joint ventures in this potential sector.

Chairman Council of Textile Associations and Patron-in-Chief of SITE Association of Industry (SAI) Muhammad Zubair Motiwala and President SAI Assad Nisar Barkhurdaria during an interactive session with Chinese delegates at SITE Association of Industry (SAI) said that Pakistan is fourth largest cotton producer with vast agriculture base and cheap skilled labour. Pakistani counterparts invited the Chinese to join them for value addition of textile sector in Karachi.

Chairman Council of Textile Associations Muhammad Zubair Motiwala, who is a leading textile industrialist and exporter, offered Chinese investors to enter joint ventures for existing textile units in SITE, which had a capacity for expansion and value-addition. Pakistan produced 12 to 13 million cotton bales in a year but, he regretted, the textile exports were hardly dollars thirteen billion.P

China’s Consul Attache in Karachi for Economics Ms. Miranda Lee accompanied the Chinese delegates exchanged information with their Pakistani counterparts and urged the need for further engagements of both the sides aimed at promoting strong collaboration and joint ventures for mutual benefit of China and Pakistan.

The participants on both the sides presented brief account of their businesses /companies and identified the areas of engagements— import and export of textile items including raw materials- and of joint ventures for expansion and upgrading of Pakistan’s textile industry to harvest its real potential.

Deputy Director, China’s Department of Commerce Zhang Shaoyun, leading Chinese Textile delegation, said that after some research and exchange of information both the countries, would find opportunities for joint ventures especially in textile sector. All this would make China and Pakistan’s relationship further strong.