- Participating companies’ pledges to initiate joint venture, business deals surpass organisers expectations
Pakistan’s 10th international Textile Machinery and Garment technology exhibition, IGATEX Pakistan 2017-Exhibition and Conference, concluded successfully with many participants pledging to start joint ventures and a large number of business deals being materialised, on Saturday.
Briefing about the outcome of the four-day long exhibition, CEO of FAKT Exhibitions, Saleem Khan told media that 10th exhibition was the most successful event of the series where a large number of foreign companies vowed to start joint ventures with Pakistani companies. “During the course of the exhibition, many companies announced to return to Pakistan to participate in Lahore exhibition to be held on the same dates next year. The response of the event was way beyond our expectation”
Thousands of visitors made their way to Expo Centre to gain material information and sign business deals with local and international manufacturers of latest machinery. “More than 550 companies from 35 countries including Germany, Italy, UK, USA, China, Switzerland and other countries participated in the exhibition which was record participation”, he informed.
Pakistan’s textile sector, which desperately needs modern machinery and technology to compete with the rest of the world in the international market, has benefited from the event to a large extent, Saleem Khan said, adding textile sector contributes more than 60pc to Pakistan’s export which needs special attention of government and other stakeholders.
Responding to a question about the visit of any head of government, chief minister, governor Sindh or mayor Karachi, he lamented that despite being the event taking place in the vicinity the government dignitaries chose to stay away from the expo centre.
“Even the top officials of Trade Development Authority of Pakistan TDAP did not bother to visit the exhibition that took place in their backyard”, Khan protested, adding “Sindh governor, chief minister, federal commerce minister and other government officials were invited to visit and encourage participants”.
In coming days the exports of Pakistan would increase in the wake of a number of incentives given by government and also due to the introduction of lasted technology mainly in the textile sector, he responded.
As many as 73 Italian, 70 German, 50 Chinese, 25 Turkish and 80 Pakistani companies have displayed their products in this expo, organised by FAKT Exhibitions.
