Lahore:A big group of Chinese investors called on Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain in the committee room of the Punjab Investment Board.
In the meeting, it was agreed to cooperate in technical education, IT sector and electric business. The Chinese investor group expressed interest in setting up a plant of electric bikes in Punjab.
Provincial Minister Chaudhry Shafay Hussain while speaking on this occasion said that the government is serious in promoting electric vehicles to control environmental pollution. The government is giving 10,000 electric bikes to students of universities and colleges. Chinese investor will set up a plant of electric bikes and government will provide all possible facilities.
Chaudhry Shafay Hussain said that the best industrial infrastructure exists in the industrial estates of Punjab. The investors in the special economic zones have special incentives and there are wide investment opportunities in the special economic zones, he said and adde
d that the government will welcome Chinese investment in the electric sector.
The Minister said that the Punjab government is also trying to promote solar energy, and trying to set up a solar panels manufacturing factory in Punjab this year. Industrial estates are also being shifted to solar energy. Fast steps are needed to increase the economic cooperation between Pakistan and China, he added.
Chaudhry Shafay Hussain said that the government has decided to improve the quality of technical education and upgradation of TEVTA institutions. The work has started on this project. The government will welcome the cooperation of the Chinese company in the promotion of technical education.
CEO Chinese Company Niko Chan said, “Our group is keen to collaborate with local companies in the electric business. Our company will set up a plant for electric bikes in Punjab and also build charging stations.” The Chinese investor group also demanded the provision of 6 kanals of land for setting up a research center.
Official
s of various Chinese companies and officers of the Punjab Investment Board were also present in the meeting.