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Ruyi Group losing interest in the Quaid-e-Azam apparel park project

Related Keywords: joint venture, PIEDMC, proposal, Punjab Government, Quaid-e-Azam Apparel Park, Ruyi group

The Shandong Ruyi Group, a joint venture between Chinese and foreign investors headed by Qiu Yafu, is a hi-tech enterprise, who were planning to invest immensely in the Quaid-e-Azam Apparel Park, a project of the Punjab government is losing interest in the project.
 
Despite several meetings held by its Director Arie Qiu, daughter of the owner with the Punjab chief minister to discuss investment, the company has not yet come up with proposals to demonstrate its interest in the project.
 

Proposals called for setting up an integrated textile park in Visakhapatnam

Related Keywords: DPRs, Group of Entrepreneurs, Industry Associations, Integrated textile park, plants and machinery, Project Management Consultants, proposal, Scheme for Integrated Textiles Park, SPV

The Government of India plans to set up an Integrated Textile Park in Visakhapatnam. The cost of the park is estimated to the tune of about Rs.200 to 250 crore on plants and machinery.
 
In this regard, Government has invited proposals from the Industry Associations, Group of Entrepreneurs or Special Purpose Vehicles (SPVs) for setting up an Integrated Textile Park under the Scheme for Integrated Textiles Park (SITP) during the remaining part of the 12th Five Year Plan (2012-2017).
 

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