Related Keywords: becoming uncompetitive, Chinese labour intensive industries, Chinese textile firms keen to establish joint ventures, focusing on research, high production cost, no information of import patterns in China, Pakistan Hosiery Manufacturers Association, Pakistani companies, shifting manufacturing to other locations, textile value-added sector
Chinese textile firms showing keen interest to establish joint ventures with Pakistani companies, as China’s labour intensive industries were becoming uncompetitive due to high production cost, which is why they were shifting manufacturing to other locations and focusing on research, according Ahsan Iqbal, federal minister for planning, development and reform.
The minister at a meeting with the members of the textile value-added sector, said that if they are able to have joint ventures with them, it will benefit the businessmen of both the countries.
