Relocation of textile units is essential to remain competitive in international market as country's textile industry has reached saturation point, Chaudhry stated.
Bangladesh' textile sector, mainly woven sub-sector requires high investment to nourish readymade garment industry which grew at 20 percent in fiscal year 2005-06.
He also expressed to BTMA leaders to ensure continuous gas and power supply otherwise investment procedure would be derailed.
Chaudhry emphasized to execute bi-lateral trade agreement between Pakistan and Bangladesh as early as possible to achieve trade volume of $1 billion by 2007.
If direct shipping link between Chittagong and Karachi ports is established, Pakistan can also be a major supplier of fabrics to Bangladesh apart from India and China.
Pakistan exports to Bangladesh accounted for $220.5 million while imports were $46.17 million during July-March 2005-06 with trade difference of $174.33 million.
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