The proposed complex spreading over 30,000 hectares of land will have a vast space reserved for cultivation of the cotton crop.
LAHORE: (UrduPoint/Pakistan Point News-July 17th, 2021) All Pakistan Textile Mills Association (APTMA) leader Gohar Ijaz on Saturday signed a memorandum of understanding (MoU) with the Governor of Bukhara in Uzbekistan on building a textile complex, a local private tv reported on Saturday.
The proposed complex spreading over 30,000 hectares of land will have a vast space reserved for the cultivation of the cotton crop.
Thanking Allah (The Almighty) for inking of the MoU, APTMA leader Gohar Ijaz said he was glad that Pakistan was on a right track now.
The complex would also house spinning, weaving, processing and garments units to be built at the cost of $100 million.
He informed that on average the country exported textile products worth $15.5 billion from one million tonnes of cotton it produced annually, while Uzbekistan, on the other hand, exported textile products worth $2 billion from the same quantity of the crop. Ijaz expressed the hope that cotton exports would reach $18 billion by next year.
