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Chinese group keen to enter JVs for upgradation of Pak spinning mills

Related Keywords: Chinese group, eighty percent of yarn, international market, keen interest to enter joint ventures, make them cost efficient and competitive, modernisation and upgradation, other textile products, Pakistan spinning mills, Pakistani businessmen, re-exported to China for value-addition, sell finished good at better prices

Chinese group has shown keen interest to enter joint ventures for modernisation and upgradation of Pakistan's spinning mills to make them cost efficient and competitive. Also 80 percent of yarn and other textile products will be re-exported to China for value-addition to sell the finished good at better prices in international market, Pakistani businessmen were informed by Executive Director of the Hi-Tech Group who is leading a six member delegation.

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