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Mou for punjab-china garments industrial zone signed

Mou for punjab-china garments industrial zone signed Source:
Date: 24-08-2013
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An MoU signing ceremony between Punjab government and China Textile and Apparel Council was held here on Wednesday for the promotion of cooperation in textile, garments and knitting industry.
Under the agreement, Punjab-China Garments Industrial Zone would be set up in Punjab where Chinese investors will establish garments and knitting industries. Punjab Industrial Estate Development and Management Company and China Knitting Industry Association will extend cooperation for the promotion of garments and knitting industry. Secretary Industry Irfan Ali on behalf of Punjab government while representative of China Knitting Industry Association signed the agreement. Chief Minister Muhammad Shahbaz Sharif, Vice President and Secretary General of CNTAC Gao Yong, Assistant President and Chairman China Industrial Association Yang Shibin, other office-bearers, Chairman Planning and Development, Secretaries of Industry, Finance and Information Departments, Vice Chairman Punjab Investment Board and other concerned officials were also present on the occasion.
Speaking on the occasion, Shahbaz Sharif said that vast opportunities of investment in garments industry exist in Pakistan. He said that Pakistan and China are reliable friends and this great friendship has stood in every hour of trial. The Chief Minister said that with the establishment of industrial zone, Pakistani youth would get an opportunity to benefit from Chinese expertise in textile sector. He said that all possible facilities would be provided to Chinese investors for investment in Pakistan. Shahbaz Sharif disclosed that an investment conference is going to be held in China next month in which a delegation from Punjab will also participate. Vice President CNTAC Gao Yong said that Pak-China friendship has always stood in test of time.

He said that China and Pakistan are strategic partners. He said that we would motivate Chinese companies to invest in special industrial zone in Punjab. He said that this industrial zone will play an important role for further promoting Pak-China friendship.
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