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Related Keywords: APTMA, FIEDMC, import duty free machinery, in the urban areas of Faisalabad, install in mega industrial estate, scattered textile units, shift textile processing units, signed landmark MoU, Special Economic Zone, to well planned state of the art industrial estate

Faisalabad Industrial Estate Development and Management Company (FIEDMC) has signed a landmark Memorandum of Undertaking (MoU) with All Pakistan Textile Processing Mills Association (APTPMA) to shift the textile processing units to a well planned and state-of-the-art M-3 Industrial Estate.

Related Keywords: approved investment plan, Chinese largest textile group, Cotton Spinning Mills, Faisalabad Shandong Ruyi Textile Park, FIEDMC, first installment, International Commercial Bank of China, losing competitive edge, Shandong Ruyi

A delegation from the International Commercial Bank of China (ICBC) visited the project site and approved the investment plan for the Faisalabad Shandong Ruyi Textile Park, according to Faisalabad Industrial Estate Development and Management Company (FIEDMC) officials.

Shandong Ruyi, largest textile conglomerates in China in order to start construction work for Pakistan’s largest cotton-spinning mills has made their first installment to the FIEDMC.

Related Keywords: FIEDMC, Shandong Ruyi Technology Group, Spinning mill, Textile Park, textile unit

China and Pakistan are showing interests in increasing their bilateral communications through business venture this time. It is the Shandong Ruyi Technology Group of China which has initiated by procuring 1,036 acres of land in an industrial zone is Pakistan.

Related Keywords: cotton spinning facility in Pakistan, Faisalabad Industrial Estate Development and Management Company, FIEDMC, Largest textile mill in Pakistan, Shandong Ruyi Technology Group, textile industry in Pakistan

China’s fifth largest textile company, Shandong Ruyi Technology Group is investing US$2 bn to set up the largest cotton spinning facility in Pakistan. It has already bought 1,036 acres of land out of the total area of 4,500 acres in an industrial zone operated by the Faisalabad Industrial Estate Development and Management Company (FIEDMC),