KOICA provides APTMA with technical and financial support – Business & Finance

LAHORE: The Korea International Cooperation Agency (KOICA) has provided leadership to the Pakistan Textile Mills Association (APTMA) to provide all technical and financial support to Pakistan’s textile industry in promoting the manufacturing and export of non-woven fabrics and technical textiles.

A five-member KOICA delegation visited APTMA’s office in Lahore and held discussions with APTMA’s senior management and major textile manufacturers on the scope of promoting technical textiles. They informed that KOICA is a donor agency, working closely with National Textile University (NTU) Faisalabad to promote non-woven textile fabrics and technical textiles.

APTMA leadership included Asad Shafi, Shahzad Ahmed Sheikh, Haroon Elahi, Ismail Farid, Umair Abid and APTMA Secretary General Raza Baqir welcomed the delegation at APTMA House, Lahore.

On this occasion, Asad Shafi made a detailed presentation on the textile industry in general and the outlook for the nonwoven textile industry in Pakistan. He appreciated the establishment of a testing laboratory by KOICA at NTU, Faisalabad in the first phase of cooperation and hailed the launch of the second phase aimed at providing R&D facilities, advanced testing and support to potential investors. He hoped that this generous offer from KOICA would go a long way in improving Pakistan’s meager 0.2% share in the $200 billion global technical textiles market.

Asad said that currently no more than 200 manufacturers, mostly small and medium enterprises based in Sialkot, Gujranwala, Faisalabad, Lahore and Karachi, are engaged in small-scale nonwoven fabric production. He believed that KOICA’s support would encourage large-scale manufacturing of technical textiles in Pakistan.

Asad said low business cost, reliable suppliers of raw materials, strong local demand for various products, opportunity to acquire technical know-how and good infrastructure in the country are promising characteristics of technical textiles in the Pakistan.

He added that the growing local demand, high export potential, industrial growth and foreign investment offer great opportunities in the field of technical textiles in Pakistan.

While appreciating the role of the National Textile University in establishing the Pak-Korea Technical Textile Center, Asad Shafi said that the center has not only been helping the existing industry to switch to these textiles, but also creating startups since the emergence of high performance with high added value. technical textiles.

Speaking on this occasion, Jinil Kim, head of the Korean delegation informed the participants about the activities and projects undertaken by KOICA. He informed that encouraged by the success of the first phase, KOICA is seriously considering launching the second phase in collaboration with NTU, Faisalabad.

Kim continued that the next phase of the project will ensure the establishment and growth of technical textiles industry in Pakistan and provide support to start-up companies in technical sectors and facilitate domestic and export market development for technical textiles.

Kim added that the second phase will mainly cover research and development, a sophisticated testing laboratory, market access, technical know-how, capacity building, state-of-the-art testing equipment, advice and the development of international links.

Senior APTMA Leader Haroon Elahi delivered a vote of thanks to the visiting delegation at the end of the meeting. He hoped that the cooperation and assistance of the Korean authorities would give a boost to the nascent local technical textiles industry and contribute roughly to increasing Pakistan’s share in the global technical textiles market.

Copyright Business Recorder, 2022

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