Ruyi Group signed an investment cooperation agreement in Pakistan under the witness of Li Keqiang

On the morning of November 8, under the witness of Chinese Premier Li Keqiang and Pakistani Prime Minister Sharif, Jiang Jianqing, Chairman of the Industrial and Commercial Bank of China, personally signed the investment cooperation agreement for the “ICBC Pakistan-Ruyi Faisalabad Textile and Garment Industrial Park Project” Book.
This project is one of the China-Pakistan Economic Corridor projects. It will build spinning, fabrics, clothing and supporting 2x135MW power projects in Faisalabad, Punjab Province, Pakistan. It is jointly owned by the Industrial and Commercial Bank of China, Shandong Ruyi Technology Group, and Pakistan Habib Banks and others jointly invest in the construction. The signing of the investment agreement is a milestone for Chinese textile and garment enterprises to invest in Pakistan on a large scale. It is the first textile and garment project invested and constructed by the Industrial and Commercial Bank of China, and is named “ICBC-Ruyi Faisalabad Textile and Garment Industry” Park” will provide strong financial support and guarantee for project construction.
At the same time, Pakistan’s largest bank, Habib Bank, is also actively involved in investing in the project and has clearly provided financing support for the project.
Shandong Ruyi Technology Group will give full play to its advantages in technology, management, and talents in the textile and apparel industry, cooperate with well-known local companies, and build a textile and apparel industrial park with internationally advanced levels, which will drive the improvement of Pakistan’s textile and apparel industry, and at the same time make use of Pakistan’s local The low-cost advantages of labor and raw materials can significantly reduce production costs and further improve the international level and industry competitiveness of Ruyi Technology Group.