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China helps build Ruyi Masood textile park in Faisalabad

A textile park is coming up in Faisalabad, Pakistan, with Chinese help. Along with the textile park, Pakistan hopes to acquire modern technology and technical skill. The park is expected to generate lakhs of jobs, lead to substantial increase in exports and usher in a new era of progress and prosperity. A coal power plant of 270 megawatts is also being established in the park.

The project entails an investment of Rs 200 billion in this mega project of weaving, spinning, printing and garments and 35,000 new job opportunities will be created. The Ruyi Masood textile park is being set up with the collaboration of the fifth biggest textile group of China at M-III Industrial Estate, Faisalabad. The Ruyi Textile group has a prominent place in garments, marketing, technology and export sectors at the international level.

Pakistan and China have good friendly relations and share a growing cooperation in the economic and industrial sectors. The establishment of a textile park in the barren land of Faisalabad is expected to not only promote the textile sector but also strengthen the national economy.


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