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Joint venture of Shanghai Challenge Textile Co. Ltd with Paradise Apparels and Khawaja Asem Khurshid

Lahore, October 03, 2014 (PPI-OT): The Punjab Board of Investment and Trade has recently facilitated in bringing in a renowned vertical integrated manufacturing company (Shanghai Challenge Textile Co. Ltd) from China to enter into a Joint Venture agreement with Paradise Apparels and Khawaja Asem Khurshid (Former President Faisalabad Chamber of Commerce) in Pakistan.

The initial investment in the primary phase would be of US$ 10 Million. The Pakistan JV is named as Challenge Apparels Limited and is based in Faisalabad, the textile hub of the country. Challenge Apparels has already begun its operations with the production of textile knitted and denim products for the world’s leading brands such as Nike and Adidas.

For more information, contact:
Punjab Board of Investment and Trade
23-Aikman Road, GOR-I, Lahore
Tel: +92-42-99205201-06
Fax: +92-42-99205171
Email: info@pbit.gop.pk
Website: www.pbit.gop.pk

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