The counsellor of Danish embassy, Assar Qureshi alongwith seven member team of Pakistani textile delegation is out to explore business opportunities in Denmark market and seek partnerships with entrepreneurs there. Participating in the trip are representatives from the following seven Pakistani companies: Gul Ahmed, Sapphire Textile Mills, Master Textile, Soortey Enterprises Pvt Ltd, Towellers Limited, Image Garments Pvt. Ltd. and VI Sigma.
The trade council of the embassy of Denmark in Pakistan in collaboration with the Danish Fashion and Textile Association has organized and supported such of kind of visit for the first time, said an embassy statement.
Mr. Assar Qureshi, is delighted that the delegation, which consists of some of Pakistanâ€™s most renowned and well-established companies, would be meeting some of the top Danish textile companies and tapping in on existing and potential resources, technology, knowledge and market opportunities. He stated that the real potential for trade between Denmark and Pakistan was significantly higher than the current trade volume of around $450 million.
Qureshi said that they want to ensure that both Danish and Pakistani companies can find partnership opportunities and avail maximum benefits from these windows of opportunities. The trip is expected to be the first round of more such visits of business delegation in future, not only from Pakistan, but also from companies based in Denmark.
He also said that among Pakistanâ€™s advantages are an abundance of raw material, CSR focused business strategies, relatively inexpensive and well-qualified labour, state-of-the-art vertically integrated textile set-ups, and design expertise.
Pakistanâ€™s textile is the mainstay for exports to Denmark, presently constitutes almost 10% of itâ€™s gross domestic product. Apart from having world-class textiles manufacturing, Pakistanâ€™s strength lies in the vertical integration of the industry which stems from being the fourth largest producer and third largest consumer of cotton in the world.
Pakistan is a fast growing economy and predicted to have growth rates well above 5 percent until 2020. In addition, Pakistanâ€™s access to GSP Plus has substantially increased the scope for EU textiles companies to import high quality products at competitive price, while Pakistani exporters have been granted duty free access to EU.
Mr. Thomas Klausen, Director of Danish Fashion and Textile Association is also looking forward to the delegation visit. He said that they are truly honored to be hosting such a prominent delegation in Denmark. The delegation consists of some of Pakistanâ€™s leading companies, whom they anticipate receiving and introducing them to their Danish members. The Danish Fashion and Textile Association is looking forward to strengthening ties between the Pakistani and Danish companies and hope to build a solid, healthy and rewarding cooperation between both parties.
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