Chairman All Pakistan Textile Mills Association Aamir Fayyaz has stressed for an enabling environment to boost much-needed investment in the textile industry.
In a media statement, he said global investment in the textile industry has reached 102 billion dollars, however, the industry in Pakistan has not been able to undertake investment initiatives in a proper manner.
He said that the textile industry in Pakistan has been facing constraints under balancing modernization and replacement and Greenfield projects, whereas textile producing countries in the region have made huge investments under various incentive schemes.
Source: Radio Pakistan