Prime Minister asks businessmen, investors to avail facilities at Textile City

KARACHI: Prime Minister Yousuf Raza Gilani has invited businessmen and investors to come forward and avail the world-class infrastructure facilities, which the Textile City is offering.

During the ceremony marking the launch of sale of plots at the Pakistan Textile City, Karachi Gilani said the government recognises the important role textile sector plays in Pakistan’s economy, as it constitutes about 60 percent of exports and provides jobs to more than 40 percent of the workforce.

He said the country is blessed with natural resources, cotton crop, unique geopolitical location, quality textile products and a large labour force “to place us as a global leader in this sector.”

He added that problems facing “our textile industry include supply of cheap contamination-free cotton, low skill levels of labour force, power shortages and above all inadequate infrastructure.” He said infrastructure development is critical for growth and acts as a catalyst for generating economic activity. The absence of reliable infrastructure offering un-interrupted utilities has been one of the major causes of decline in textile exports, especially value-added items in the post-WTO era.

It is imperative to offer the textile sector modern reliable infrastructure at par with international standards.

Prime Minister said, “It is heartening to note that the Chinese, Turkish and Korean businesses have shown initial interest in investing in Textile City.” While the government is responding to the demands of the textile industry by providing relief packages, the industry, in turn, should respond by assuring the implementation of quality standards and good business practices as the benefits will be seen in the long run.

Pakistan Textile City is being established as a benchmark industrial zone providing state-of-the-art infrastructure to the value-added textile sectors. Once fully operational, it would help increase country’s exports significantly as more than 277 new units will be established in 1250 acres of the Textile City.

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