Ambassador Andreas Ferrarese vows to contribute towards making Faisalabad a hub of fashion design industry

Newswire

Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that he aimed to contribute towards making Faisalabad a hub of fashion design industry.

In a recent interaction with Pakistani businessperson, he said that Italy will cooperate for branding high quality textile products of Faisalabad and developing the city as a hub of fashion design industry.

The Italian ambassador said that he was taking fundamental steps to strengthen bilateral relations and promote economic relations between the two counties on a long term basis.

He also discussed various measures to enhance bilateral trade between the two countries with special focus on Faisalabad related industry.

The envoy said that both countries have potential to enhance their bilateral trade up to five billion dollars, but to achieve these objectives direct relations between their private sectors is imperative.

He said that most of the textile units are already using Italian machinery and time has come for Italian investors to manufacture the latest version of their textile machinery in Faisalabad.

Ambassador Ferrarese said that some Italian investors had already launched joint ventures with local investors in Faisalabad. However, “there is still room to attract FDI from Italy”, he added.