Page 12 - July-August-2017

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US textile industry gaining new ground

The technological advancement in the textile and fiber and polyester made from recycled plastic bottles.
sector now allows the US textile industry to attain new Thanks to technological advances, automation and
grounds after losing the market shares for years. productivity improvements, and the US textile industry
These shares were lost to the overseas manufacturers, is finally growing more competitive.
as said by the report in the Chemical & Engineering
News. US’ textile companies were crowded out of the The report further says that; notwithstanding the
market by low-cost overseas labor. American textile increase in business, and even favorable domestic
companies, long crowded out of the market by policies enticing foreign manufacturers to open plants
low-cost overseas labor, have developed new niches in the United States, the employment in the industry
for hi-tech fibres and textiles. may continue to falter in the face of automation.
However, this is now and understood the fact that the
According to the textile and fiber manufacturers, the high-tech nature of modern textiles and a drive for
advanced products include antimicrobial fabric, productivity has increased the demand for experts,
fire-retardant finishes, sensor-imbued "smart fabric," including polymer chemists and dye specialists.

BOI to hold road show for

expanding Pakistan’s FDI

While sharing his views in a discussion, the he further added.
spokesmen of the Board of Investment of Pakistan
said that the government would hold roadshows in "We have mainly focused on achieving the FDI
Germany, China and United Arab Emirates (UAE) target of US$ 15 billion by 2025", he said while
including all big economies in coming few months proceeding to his discussion. The official further
for increasing Pakistan's Foreign Direct Investment. said that “the government is committed to
“Through new work plan, BOI would hold facilitating an ultimate ease of doing business for
roadshows with the collaboration of chambers of the foreign investors as well as the global
industries and All Pakistan Textile Mills Association competitiveness of Multinational Companies
(APTMA) for focusing on textile and steel industry” (MNCs).”