To help improve the power looms sector, the first Weaving City will be established on 100 acres of land at M-3 Industrial Estate, near Faisalabd.
In this connection a Memorandum of Understanding ((MoU) was inked between Faisalabad Industrial Estate Development & Management Company (FIEDMC) and All Pakistan Cotton Power Looms Association (APCPA) in Faisalabad Chamber of Commerce & Industry (FCCI).
Mian Adrees, Chairman FIEDMC, CEO Amir Saleemi, Shiekh Farooq Yusuf, Chaudhary Abdul Haq, Chaudhary Muhammad Nawaz, Mian Aftab Ahmed Sheikh, Khalid Habib Sheikh, Rana Sikandar Azam, Abdul Qayyum Sheikh, Engineer Suhail Bin Rasheed and executive members of FCCI were also present during this ceremony.
While addressing the function, president FCCI said that FIEDMC will lease out pre-fabricated sheds to the power looms sector so that they could spend their investment on technology up gradation instead of spending it on infrastructure development.
Technology up gradation will help power looms sector to come out of the crisis and produce high quality clothes in order to catered to the needs of the international market.
He told that FIEDMC will own the land where sheds will be constructed and leased out to the power loom owners.