Related Keywords: buying majority shares, chinese businessmen, former chairman of PCGA, ginning and textile sector, Masood A Majeed, relocate yarn-making industry . infrastructure bottlenecks, show interest, to invest
Chinese businessmen are showing interest to invest in the ginning and textile sectors of Pakistan, said former chairman of Pakistan Cotton Ginners Association (PCGA) Masood A. Majeed, who visited China. Chinese investors have agreed to relocate their yarn-making industry in Punjab, provided infrastructure bottlenecks were removed by the government.
He urged the government to relocate 200 spinning mills in Punjab, allow leasing of land at $8,900 per acre per annum and provide electricity at 12 US cents per unit.
