test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Industry News | Time: Dec 1 2014 2:10PM
Chinese investors show interest to invest in textile sector of Pakistan
 
Text size
Chinese businessmen are showing interest to invest in the ginning and textile sectors of Pakistan, said former chairman of Pakistan Cotton Ginners Association (PCGA) Masood A. Majeed, who visited China. Chinese investors have agreed to relocate their yarn-making industry in Punjab, provided infrastructure bottlenecks were removed by the government.

He urged the government to relocate 200 spinning mills in Punjab, allow leasing of land at $8,900 per acre per annum and provide electricity at 12 US cents per unit.

He said that although Chinese investors are interested in getting land in developed industrial estates on a yearly lease of $8,900 per acre and power supply at 12 US cents per unit, the government was reluctant to supply electricity at 12 US cents per unit on the plea that it was not feasible.

The officials said that the Punjab government intended to establish two dedicated coal-fired power plants in its industrial estates to help resolve the power tariff issue for the Chinese.

A Chinese investor, who got a ginning factory in Jallah Jeem on Bahawalpur Road, had invested $2 million. Sources said that Chinese want to opt out of basic textile production at the earliest, as lower value addition in fabric and yarn does not cover the ever-increasing cost of production.

Chinese are trying to buy existing textile mills in the country, buying majority shares in Masood Textile Mills Limited was their first success. However, their attempt to lure other textile entrepreneurs has not met with success owing to an expected boom in textile sector in Pakistan.

Source: Internet
Related Articles
Freight costs from Xinjiang to inland lower, good for cotton
Shangqiu Henan has 4 million spinning capacity
Wujiang eliminated 44,408 sets of water-jet looms in 2017
Spinning capacity at 0.83 million spindles in Wusu, Xinjiang
Xiayi's spinning scale at 2,300,000 spindles: ranking first in
Textile capacity totals 822,000 spindles in Wusu, Xinjiang
Xinjiang's textile exports decrease, while cotton imports rise in
Pakistan's July exports down 16 percent
Cotton Corporation of India to obtain cotton from farmers in
June cotton yarn export up 10.1% y-o-y in Pakistan
 
Research
Polyester industrial chain in industry cycle
How much longer could the boom of PX to PTA last ?
Polyester feedstock market review in H1 2018 and outlook in ...
 
 

浙公网安备33010902000742号