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Pakistan likely to strike business deals worth $700 million at Textile Asia expo

YarnsandFibers News Bureau 2015-03-30 15:30:00 – Karachi

The 14th Textile Asia Exhibition which began in Karachi, Pakistan at the Expo Centre, where former adviser to prime minister on Textile Industry Dr Mirza Ikhtiar Baig was the chief guest said that the country is expecting business deals worth $700 million.

Textile Asia expo have organized businessmen to businessmen (B to B) meetings among the local traders and foreign delegates at this mega event.

The purpose of organizing the exhibition was to further upgrade and equip the local textile sector with latest technology being used internationally. Some 386 business delegates from 39 countries are visiting the exhibition where around 515 international and 35 local companies are showcasing their brands.

The machinery and equipments which are on display at the exhibition were producing value added products for increasing volume of exports, he said and hoped that local businessmen would benefit from this technology by adding value to their products.

In fact, despite all odds and challenges they are working on war-footing basis to attract the foreign investment in Pakistan. Today they have succeeded in bringing the international business community here and the foreigners are quite satisfied with the city's environment for doing business and they are motivated to invest in the port city. This increasing level of trust among the foreigners is a good omen for future.

The local traders are taking keen interest in technology and machineries being showcased by international exhibitors here. Of the total 415 exhibitors in this show, China's participation is almost 50 percent.

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