CGGC SHOWS KEEN INTEREST IN PAKISTAN TEXTILE CITY
Islamabad, the 25th June, 2014
Textile Ministry will leave no stone unturned to facilitate foreign investment as it guarantees development and prosperity of a country. This was stated by Minister for Textile Industry Mr Abbas Khan Afridi in a meeting with a Chinese company CGGC ( China Gezhouba Group Corporation). The representatives from CGGC showed keen interest in investment in Pakistan Textile city Karachi. Financial assistance, joint venture and infrastructure development at Pakistan Textile City remained the main focus of the discussion.
Pakistan Textile City is an industrial zone dedicated to the textile processing and related industry. It will offer textile industry state of the art environment to achieve cost effective productivity. Currently speedy work is under process at Pakistan Textile City and it will cater for uninterrupted power supply, clean continuous water supply, gas supply and efficient transportation system.
CGGC is a transnational corporation. Its business scope covers water conservancy, hydropower, thermal power and construction projects. The recent investments of the company include Neelum-Jhelum hydroelectric project and Gaddani Power Park. The representatives apprised the minister that CGGC has allocated $15 billion for overseas investment and Pakistan remains the main focus because of its recent economic performance.