Textile industry ready to invest $1
billion in BMR
The All Pakistan Textile Mills Association has said that
textile industry in Pakistan is ready to invest US$ 1 billion in
Balancing, Modernization and Replacement (BMR) of the units and
looking for various options of importing machinery ahead, as
textile operators continue to remain engaged in revamping and
modernisation of their manufacturing units.
Chairman APTMA said that besides China, the textile industry
in Pakistan is looking for the option of importing textile
machinery of European and Japanese make. The APTMA members also
discussed various aspects of the Chinese machinery and the after
sale service facilities. The industry needs spinning machines
including rapier looms and air jet looms at a competitive price.