China’s RUYI Group to Launch High-Tech Textile Parks in Pakistan

The RUYI Group of China has unveiled plans to establish international-standard Textile Parks in Pakistan, facilitated by the Special Investment Facilitation Council (SIFC). These parks, set to be constructed in Sindh and Punjab, are a significant addition to the China-Pakistan Economic Corridor (CPEC), aiming to strengthen bilateral relations and boost economic collaboration between the two nations.

A Memorandum of Understanding was signed between the Board of Investment and a RUYI Shandong Group delegation during their recent visit, marking a pivotal step in fostering a conducive investment climate in Pakistan.

The primary goal of these textile parks is to elevate Pakistan’s textile exports to five billion dollars and position the country as a global hub for textiles and garments. The initiative plans to attract around 100 major textile industries from China, promising to generate exports valued at two billion dollars initially, with projections to increase to five billion dollars in the subsequent phase.

Designed to operate on solar energy and utilizing advanced automated technology, these parks will adhere to zero-carbon policies, aligning with global sustainability goals. The collaborative efforts with the SIFC to enhance Pakistan's investment environment are commendable and expected to yield significant economic benefits.