Aptma, China agree to more JVs, investment
Ministry of Commerce China, Weihai and the All Pakistan Textile Mills Association (Aptma) have agreed to explore the potential of joint ventures and Chinese investment in textile sector of Pakistan. Ministry of Commerce China, Weihai has also invited the APTMA to visit China in May 2016. A 20-members Chinese ministerial delegation, headed by Zhang Buwen of Shandog Hushan Group, visited APTMA Punjab, here on Saturday.
Chairman Aptma Punjab Aamir Fayyaz received the delegation. Chairman Aptma Punjab made a detailed presentation to highlight the significance, structure, strength and sustainability of Pakistan textile industry. “It carries strong potential for foreign investment, especially after the GSP Plus market access to the EU. Converting of surplus basic textile into clothing may increase textile exports to $15 billion,” he added.
“The China-Pakistan Economic Corridor will enhance trade and bilateral relations further to new horizons,” he stressed. He also offered the visiting delegation to act as focal organisation in facilitating the match making of Chinese investors with local textile groups. The Chinese delegation head welcomed the offer, saying that both sides would help each other in expansion of trade and investment. Zhang Buwen also thanked the APTMA leadership for his valuable input to expand trade and investment opportunities between the two countries