Shaohui Zhang, head of a Chinese delegation, said Pakistan needs to modernize spinning industry to boost its textile exports.
TexmaTech Co six-member Chinese delegation, a state-owned company of China, to discuss and explore potential of textile sector visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI). “A spinning unit is needed for 1 million spindles production to compete in the international market for exporting textile products,” Zhang said.
“Capacity of spindles production is very low in Pakistan leading to un-competitiveness of exportable goods despite high-quality cotton and superior quality labor,” he added. “best quality cotton and labor can be utilized in a better way to produce high-quality yarn with the advancement of technology,” he added. The head of the Chinese delegation said that high-quality yarn enabled his country to compete in the international markets.
He offered Chinese machinery for producing good quality yarn. He also said production by such machinery could be exported to China. If Pakistan and Chinese executives mutually start production than 1 million spindles are not a big task. “It will help Pakistan fetch better foreign earnings, besides will also increase wages,” he added.
Zhang said that China-Pakistan Economic Corridor (CPEC) is an infrastructure project with diverse dynamics. Manzoor ul Haq Malik, acting president of the FPCCI, admired the Chinese for their thorough research on Pakistani textile sector.
He directed the FPCCI’s research department to prepare reports on Pakistan’s potential of textiles and local textile manufacturers that could take benefit of Chinese offers.
Dr. Ikhtiar Baig, FPCCI standing committee on banking, credit and finance chairman, highlighted that Pakistani small spinning units needed upgraded technology to scaled up.