Textile industry ready to invest $1b in BMR


Textile industry ready to invest $1b in BMR

LAHORE - The All Pakistan Textile Mills Association has said that textile industry in Pakistan is ready to invest $1 billion in Balancing, Modernization and Replacement (BMR) of the units and looking for various options of importing machinery ahead, as textile operators continue to remain engaged in revamping and modernisation of their manufacturing units.

Chairman APTMA Ahsan Bashir and Chairman APTMA Punjab Shahzad Ali Khan were talking to a delegation of top people of Shanghai Ring Frame Maker, during their visit to APTMA office on Wednesday. Ye Fucai, Chairman Pacific Mechatronic Co. Ltd. led the delegation. Members of delegation included Chen Xingqiang, Pan Ronggao, Zhu Wenmin, Xu Lin and Zhangyong.

Both sides exchanged the potential of textile industry to grow in Pakistan and the possibilities of import of textile machinery from China.

They said that besides China, the textile industry in Pakistan is looking for the option of importing textile machinery of European and Japanese make. The option of importing machinery from India is also under consideration, which is far cheaper than the Chinese machinery. The APTMA members also discussed various aspects of the Chinese machinery and the after sale service facilities. The industry needs spinning machines including rapier looms and airjet looms at a competitive price.

The Chinese delegation assured the APTMA members of quality assurance in supply of machinery besides looking into the competitive issues of the business. Further, the Chinese delegation also invited the APTMA members to visit an exhibition of spinning machines in Shanghai in near future.

Courtesy:  The Nation