Shafay Hussain, Minister of Industries, Commerce and Investment, Punjab pledged to offer incentives surpassing those by Bangladesh to attract Chinese investors for setting up industrial parks to boost apparel exports from the state.
During his recent visit to the All Pakistan Textile Mills Association (APTMA), Hussain stated, Chief Minister Maryam Nawaz has formed a high-powered committee to study global best practices for setting up and operating garment cities based on the ‘Plug and Play Model’ in Pakistan. These industrial parks will feature state-of-the-art infrastructure to attract both foreign and local investments. The committee will provide recommendations on all aspects of establishing Garment Parks, either within existing industrial estates or at new locations.
He hoped, APTMA would offer technical assistance and expertise to the Punjab government in this initiative. Additionally, the minister committed to resolving the issue of waiving penalties related to outstanding social security payments by textile mills in the province.
Further, Hussain highlighted the association’s ongoing efforts to establish a consistent policy framework, unaffected by governmental changes, in the state He also assured of introducing comprehensive security measures for Chinese investors in the province.
