Easing import rules on machinery boosts textile sector

Prime Minister’s advisor on textile affairs, Mirza Ikhtiar Baig, lauded foreign investor’s role in the development of its textile industry.

Inaugurating the Italian Textile Technology Seminar, organized by Italian Trade Commission - Pakistan, he said that the Italian textile machineries were contributing in a very big way. Italy is the 5th largest exporter of textile machineries to Pakistan with 10.11 percent share after China (22.7%), Japan (19.55%), Germany (18.22%) and Switzerland (14.9%).

Pakistan government’s decision to withdraw duties on imported textile machineries under National Textile Strategy 2009-2014, has proved to be a big boost for its textile industry. After this decision, the country has registered a thumping growth rate of 25 percent in textile exports. It also helped to attract higher foreign investments in the country, he informed.

Introduction of BMR brought in investments of US $5 billion in to the textile sector, while IGATEX and Textile Asia were successful events. All these initiatives have been proved fruitful and equally rewarding to the industry, he added by saying.

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Marching in March, Textile Machinery Trade Fairs: A Gateway To Opportunities!

March 2009 is waiting for some mega events which will put on view machinery innovations to the textile world. Textile fraternity is expecting to generate some good business through these trade fairs in this otherwise crisis driven times.

ITMEX Americas 2009

Out of total export of 327 million Euro worth of textile machineries to Brazil, Germany accounts for 116 million Euros capturing 1^st position in machinery export to Brazil and leaving other competitors like Italy, Japan way behind.

Considering above figures and to further conquer its position in Brazilian market, VDMA Textile Machinery Association organized a special event called ITMEX Americas 2009- International Textile Machinery Trade Show to come closer to Brazilian machinery buyers. The fair is going to be held in Sao Paulo, Brazil. The four day event will start from 10^th March and will conclude on March 13th, 2009. German government is supporting VDMA in its initiative.

Full spectrum of machinery in the areas of spinning, weaving, finishing and clothing machinery will be displayed in the fair. Approximately 400 exhibitors are going to showcase their latest technology in front of 40,000 expected visitors.

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