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PRGMEA to sign MoU with ACMIT

A delegation of Italian businessmen including President of Association of Italian Textile Machinery Manufacturers (ACMIT) is expected to visit Pakistan from December 4 to 7. The delegation is expected to visit Lahore and Islamabad. And as per Ijaz A Khokhar, Central Chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) they will be signing a MoU with ACMIT for mutual cooperation to enhance trade and investment. The proposed MoU will be help in getting a partner in Italy, help in tech exchange and facilitate in business development and strengthening cooperation between Pakistan and Italy.

The PRGMEA chairman said Free Trade Agreement (FTA) between Pakistan and Turkey will open new business opportunities especially for textile and leather sectors. The Turkish garment sector was producing highly advance products and FTA will provide an opportunity to Pakistani garment sector to gain the experience of Turkish firms in further improving their products.

The PRGMEA has made efforts to develop close contacts with Turkish associations, Khokar said that the Association was taking revolutionary steps for tracking the industry modern production lines enabling it to compete with international market easily. It will be also taking drastic steps for the promotion of entrepreneurship and female and male students of fashion designing institutes would be trained under this programme. Khokar also informed necessary arrangements are being finalized for setting up state of the art Pakistan Readymade Technical Training Institute costing over Rs 125 million and development work on institute will soon be carried out.