These were the opening remarks of Lahore Chamber of Commerce and Industry (LCCI) President Malik Javed Tahir at the three-day 3rd International Digital Printing and Signage Technology Exhibition.
The event began on Friday at the Lahore Expo Centre and around 150 local and foreign companies participated in the fair.
Tahir said foreign companies were exhibiting their products for joint ventures with local companies, which was beneficial for Pakistan’s economy as local companies would be able to manufacture modern equipment to save capital.
He urged the Trade Development Authority of Pakistan (TDAP) to facilitate local manufacturers in importing latest printing technology.
Responding to a question, he said the government had imposed unjustified regulatory duties on the import of raw material, which would be resisted by the business community at all levels.
“Around 500 textile units have already been closed due to unfavourable government policies,” he remarked.
Speaking on the occasion, Inks Global EMEA APAC Commercial Director Rudy Grosso said their ink technology had a great potential in the Pakistani textile market. “We will start from textile and go to food and other innovative industries in Pakistan for digitalisation purposes.”
Published in The Express Tribune, October 21st, 2017.