Page 9 - October-November-2017

08 09

News

China is eager to convert

Pakistani textile into

economy of scale

A Six-member delegation from China’s Hi-Tech Chinese were keen to enter joint ventures for
Group, a state-owned company dealing in textile modernization and up-gradation of Pakistan’s
and energy generation machinery, visited the spinning mills to make them cost efficient and
FPCCI. The delegation had sector specific competitive, said Mr Zhang. They wanted to start
detailed discussion with their counter-parts on with installing one million spindles at least at one
how to upgrade Pakistan’s textile industry spinning mill, which iss the lowest benchmark for
especially the spinning mills. a spinning mill in China.

“About 80% of yarn and other textile products will Head of the Chinese delegation informed that
be re-exported to China for value-addition to sell China wants to relocate its textile units to Pakistan
the finished goods at better prices in the to benefit from Pakistan’s low paid and
international market,” Pakistani businessmen well-experienced textile labor. “We can contribute
were informed. Led by Executive Director of the in power supply at very favorable price. There can
Group, Shaohul Zhang, the Chinese delegation be very good partnership in spinning mills and
was on a 5-day visit to Pakistan from September power plants owners,” Zhang remarked adding
17. The delegation also flew to Lahore for that “give us land, we will bring textile machinery
business sessions with the textile industry people. here.”

The acting President, Federation of Pakistan FPCCI Acting President Manzoor-ul-Haq Malik
Chambers of Commerce and Industry, and Dr. Mirza Ikhtiar Baig assured the Chinese
Manzoor-ul-Haq Malik and senior leader of delegates they would pursue their initiatives with
FPCCI and a leading textile industrialist and the textile related FPCCI members in the country.
exporter Dr. Mirza Ikhtiar Baig along with other “We will work together on this program,” Malik
senior businessmen welcomed the Chinese team remarked. Dr. Baig recalled that China’s Hi-Tech
at the Federation House. Mr. Malik and Dr. Baig Group had supplying machinery to Pakistan’s
led the FPCCI team. textile sector for the last 25 years.

October/November 2017 October/November 2017