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.

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