China National Textile and Apparel Council (CNTAC) and Pakistan’s Board of Investment (BOI) signed a memorandum of understanding (MoU) at the 2024 China Textile Conference in Keqiao, Shaoxing.
At present, China’s textile industry is at an important juncture of change and transformation. How to take “science and technology fashion and green” as the guide, constantly cultivate new productivity, and create the future of the industry and the future industry has become a new issue in front of the industry.
Pakistan’s Ambassador to China, Khalil Hashmi addressed the conference and said that signing a landmark MoU between Pakistan’s Board of Investment and CNTAC. The robust framework for developing textile parks in Pakistan would enhance bilateral trade, foster technology transfer, and enhance capacity. Focusing on four core topics “Innovation Environment, Materials, Artificial Intelligence, and Production Processes,” the guests discussed leading trends in industry innovation, aiming to promote the transformation and optimization of the global textile supply chain, China Economic Net (CEN) reported.
“Secretary Board of Investment and I along with Pakistani leading textile industry representatives attended the annual China Textile Conference organized by China National Textile and Apparel Council (CNTAC) in Shaoxing City. Pakistan was given this exclusive privilege for the first time as the only foreign participant. We highlighted why investing in Pakistan’s textile & apparel sector was a mutually beneficial proposition”, the Ambassador added, noting that Secretary BOI signed an MoU with the Vice President of CNTAC on cooperation in the field of textiles and apparel including the establishment of parks in this important sector in Pakistan. “Grateful to Shandong Ruyi Group for its support”.
“The textile sector is the backbone of our economy, a major contributor to our exports. As the second-largest global supplier of cotton cloth, and the fifth-largest exporter of cotton offers unmatched potential for collaboration. Combining strategic location, skilled workforce, and vertical integration, Pakistan is uniquely positioned as an ideal partner for Chinese enterprises,” Hashmi stated.
