Pakistan makes big investment offers to Chinese Companies
ISLAMABAD - Pakistan makes big investment offers to Chinese Companies.
Pakistan has invited Chinese companies to take advantage of incentives offered by the government for investment and set up solar panel and lithium battery manufacturing units in the country.
According to the details, the offer was made by Minister for Science and Technology, Fawad Hussain Chaudhry at a meeting with CEO of MERA PC Solutions in Beijing.
The Minister said that Pakistan has huge potential in solar and lithium battery manufacturing and there are great opportunities for exports to Africa, the Middle East, Central Asia, and Afghanistan. He said the government will provide all facilities including land, technical support and human resource besides joint venture opportunities to Chinese companies.
He said that Chinese companies should diversify manufacturing in Pakistan as the government wanted to enhance production and exports.
We are switching over from the services to production in the country.
He stated that the government is also keen to build an agro-mechanic complex to enhance agriculture products in the country adding,
We will have 45 percent shares while the remaining shares will be owned by the private companies.
The CEO briefed the minister that his company had set up a number of projects especially in the power sector in Pakistan during the last 35 years. He added that his company is also involved in agriculture, solar and pre-fabricated houses.
The company will also ensure the transfer of technology to Pakistan and help increase the local production and exports, said the CEO.
The minister will hold a meeting with his Chinese counterpart and discuss ways to further enhance bilateral cooperation in science and technology between the two countries.