LAHORE: Elite Services System (ESS) is going to set up Pakistan’s first ‘Common Bonded Warehouse (CBW)’for import and export goods preservation in collaboration with the world’s second largest apparel thread manufacturer, American.
The Common Bonded Warehouse will enable small and medium enterprises (SMEs) to have access to quality raw materials for exports.
Elite Services System by setting up this facility is bringing foreign investment of over a million dollar in collaboration with its foreign partner to boost Pakistan’s textile exports by offering quality raw materials to SMEs. Elite Services System has already applied the CBW license from Pakistan Customs.
Speaking to a select group of journalist, the ESS Chief Executive Saad Mukhtar Siddiqui said his company was a global thread supplier having manufacturing facilities in 23 countries. It had sales and distribution networks in over 100 countries across the globe.
He said that the company had already built a state-of- the-art warehouse at industrial hub of Ferozpur Road. After getting approval from Pakistan Customs, the company would supply foreign manufactured raw materials to all export oriented SMEs and direct/indirect export manufacturers who were currently relying on sub-standard or low quality raw materials.
Right now only big manufacturer who had capacity to import or hold millions of dollars raw material inventory could enjoy such facility, he maintained.
