Pakistan’s first 100-acre weaving city will be established in Faisalabad in the M3 Industrial Estate. The aim of the city is to restructure the textile industry and bring them together in the 100-acre area.
The Faisalabad Industrial Estate Development and Management Company (FIEDMC) and the All Pakistan Cotton Power Looms Association (APCPA) have signed a memorandum of understanding (MoU) in this regard at the Faisalabad Chamber of Commerce and Industry (FCCI).
At the ceremony, the leading members of the Faisalabad Chamber of Commerce and Industry were present along with big market names and Mian Adrees, the FIEDMC chairman, and Amir Saleemi, the CEO.
FCCI President Shabbir Hussain Chawla said that the improved technology will help the power looms industry to produce high-quality clothes. These clothes will be exported to appeal to the international audience. Thus it will boost the export industry of Pakistan.
APCPA’s Chaudhary Muhammad Nawaz said that the proposed weaving city was in pre-planning stage for years. He said that in the extension phase added 1,000 acres of land will be allotted to the M3 Industrial Estate.
FIEDMC’s CEO Amir Saleemi said that they aim to develop small units on the bypasses of roads that lead to Faisalabad. It will boost the business, the economy of the area and create job opportunities. Saleemi said, “The weaving city will be developed on the public-private partnership model.”
Weaving industry is declining in Pakistan, mainly due to the discriminative policies of the government, shortage of gas and electricity supply and other reasons. The textile industry in Pakistan is the most important manufacturing industry and it needed an uplift. The establishment of a weaving city will give the right much needed push to the industry.