November 21, 2016
News
China wants to transfer PV panel industry in Pakistan
By: APP
ISLAMABAD: China-Pakistan-Economic Corridor (CPEC) high-powered delegation led by council chairman on Monday expressed keen interest to further invest in refinery, mining, cement and real estate sectors in Pakistan.Federal Minister for Industries Ghulam Murtaza Jatoi invited the Chinese companies to invest in food processing, auto mobile industry and steel mills. “Pakistan has great investment potential and the Chinese investors should take benefit of investment climate and invest in Gwadar export processing zone,” he added.
The council chairman showed interest in investment in different sectors particularly in manufacturing of solar energy panels. They informed the federal minister that the output of solar energy increases about 25 to 30 per cent with the use of state of the art technology. The Chinese investors want to transfer PV panel industry in Pakistan as Pakistan is becoming a big market of solar energy, they said.
The minister said that several commercial buildings spread over 300 acre area have been allocated in Korangi Creek Industrial Park for the investors. He asked the Chinese businessmen to invest in Bin Qasim Industrial Park which has recently been constructed over 900 acres piece of land.
The Chinese delegation said that the CPEC Council was also constructing three centres for welfare of orphans in Pakistan being set up at Zehri Pur, Gilgit and Gwadar. The head of the delegation informed that more than 100 companies are ready to invest in Pakistan while representatives of six big industrial groups would visit Pakistan next week to explore business and investment opportunities.
The Engineering Development Board chief invited the Chinese investors to invest in refinery sector. In the response, the Chinese investors said that the proposed refinery would be equipped with the latest technology.
Courtesy www.dailytimes.com.pk