During Texpo 2023, major Chinese enterprises signed significant deals with a Pakistani textile giant. The collaboration between these two industry leaders is expected to have far-reaching implications for both countries and further strengthen their bilateral trade relations.
Muahmmad Irfan, Commercial Counsellor at the Consulate of Pakistan in Guanzhou, told China Economic Net that the Chinese enterprise, known for its expertise in various industries, has entered into a strategic agreement with the Pakistani textile giant to explore mutually beneficial business opportunities. Such collaboration aims to leverage the strengths and resources of both entities, leading to enhanced productivity, increased exports, and the creation of employment, he added.
Gadoon Textile mills limited Pakistan and Hunan Donxin co ltd China signed a deal of 100 Fcls Yarns having approximate value of five million dollars, where as China Texchange Co. Ltd also signed the deal of 100 Fcls of Knitting Yarns having value of five million US dollars”, Muhammad Irfan told.
He further said that in the next stage this partnership offers a tremendous opportunity to tap into China’s vast market and gain access to advanced technologies. China’s expertise in textile machinery, automation, and supply chain management can contribute to the modernization and efficiency of Pakistan’s textile industry.
He stated that the largest Chinese delegation participated during Texpo and the collaboration between the Chinese enterprise and the Pakistani textile giant reflects the broader trend of deepening economic cooperation between the two countries.
