The long awaited Karachi Textile City project is expected to start on March 21. This Textile City project is a first of its kind, which would have a desalination plant, a self-power generation plant and most modern facilities required for industrial production, a private TV reported.
About 80,000 new jobs will be generated by the project and with the completion of project, about 279 industrial plots would be sold to establish textile-related industries. Karachi Textile city took three years for completion and is spread on 700 acres. The 11 board members of Karachi Textile City have decided to increase the equity capital of KTC to Rs2.2 billion from current Rs 1.2 billion.