VOLUME 1 ISSUE 3
NOVEMBER 2006
TREXCLUSIVE
The post quota scenario and the world markets We should keep working hard at all times- Aziz Memon
Chairman Kings Group, Karachi
In an exclusive interview with the Textile Review Aziz Memon Chairman Kings Apparel Industries Karachi who is spending more than $60 million to upgrade his operations, and roll out new products such as organic yarn so that he can break in to new markets (Forbes Asia July 3, 2006) shares his perception regarding post quota scenario in the world market. Specially under scanner are the sanctions imposed on China up to 2008/2009 by US and EU respectively and the opportunities arising out of that for India, Pakistan, Bangladesh, Sri Lanka. Sharing his vision Aziz Says – “The post quota scenario has dramatically changed the Global Trade Patterns. With the complete phase out of quotas the Textile and Clothing Sector has been experiencing another global revolution with the opening of the world markets and the increased global trade.” A major player himself Aziz shares with amazing accuracy and logic his in sights interpreting the strengths and weaknesses of industries operating from India, Paki stan, Sri Lanka, Bangladesh and China. The interview provides an interesting reading with a message from Aziz which says – “There is light at the end of every tunnel. We must not get bogged down when things don’t seem to be going our way. They should keep working hard at all times in order to accomplish our cherished goals.”