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TEXPO attracts $600m export orders

TEXPO attracts $600m export orders

LAHORE: Pakistan’s biggest textile exhibition at the government level, TEXPO-2019, has attracted $600 million trade through export orders by foreign buyers, claimed Federal Commerce Secretary Ahmed Nawaz Sukhera while talking to the media at the end of the second edition of TEXPO here at the Expo Centre.

Sukhera said that 363 foreign buyers from more than 50 countries participated in the TEXPO-2019 and placed their orders. So far, he added, trade agreements worth US$600 million had been signed and the process would continue.

He said foreign buyers also inked 10 memorandums of understanding (MoUs) with local export houses, besides visiting field and industrial units in Lahore, Sialkot and Faisalabad.

“More than 5,000 business-to-business (B2B) meetings were also held on the sidelines of TEXPO-2019, which will definitely help boost country’s textile and its related exports,” he added.

The secretary further informed that delegations from various countries including Russia, Bahrain, USA, China, Japan, UK, Germany, Saudi Arabia, Czechoslovakia, Nigeria, France, Netherlands and Spain actively took part in the TEXPO.

Around 231 exhibitors including new entrants from across Pakistan put their products on display. Leading fashion designers and textile houses and retail brands also showcased their latest collections.

He said that special initiative of bi-annual event of TEXPO had been taken by the Trade Development Authority of Pakistan (TDAP) with prime objective of enhancing country’s exports through comprehensive display of diverse Pakistani textile and clothing products.

The TEXPO-2019 also featured a Trade Envoys’ Conference on the last day where the stakeholders from the industry and the government exchanged their opinions. The TDAP also organised a two-day seminar, attended by leading exporters from various sectors.