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2011-8-1
Pakistan Textile City, he said, has been established as a bench mark industrial zone for providing state-of-the-art infrastructure to the value added textile sectors.
Once fully operational, it would increase our exports significantly as more than 277 new units on 1250 acres will be established in the textile city, he observed.
Moreover, it will provide an ideal synergistic environment for local industrialists to join hands with international partners for establishing joint ventures and benefit from strategically located facility at Port Qasim.
Counting some of the benefits of Textile City to Pakistan’s economy, Prime Minister Gilani said it will provide direct employment to over 80,000 people at its full capacity. It will attract an investment of $ 250 million in value added textile sector and increase the country’s exports by over $ 3 billion per annum, he noted.
Gilani said that other benefits will include generation of additional demand for cotton, yarn and crop, increased demand for cement, steel and construction material.
This will also increase revenue for movement of goods and transport activities and creation of large number of indirect jobs during the construction stage, he opined.
The Prime Minister pointed out the government has realised that we need to create an investors’ friendly environment to encourage economic development with special focus on skill development productivity, quality assurance and compliance need.
Today, he said, market share depends greatly on price and quality advantages driven by efficiency. Pakistan textile city will allow entrepreneurs to focus on developing skills in the manufacturing and marketing of their quality products. They will not have to worry about matters such as water supply, power outages and security, he observed.
Earlier, Minister for Textiles Makhdoom Shahabuddin in his address said that the government was establishing three garment cities in Faisalabad, Lahore and Karachi.
While Faisalabad garment city has been operational, Lahore garment city will be operational this year. About 300 acres of land has been acquired for Karachi garment city, he added.
He said Rs 17 billion have been disbursed under various schemes for the textile sector.
Chief Executive Officer of Pakistan Textile City Zaheer A. Hussain said that the launch of sale of plots was a land mark achievement.
Source:CTEI
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