Spanish companies to explore Pakistan for joint ventures: ACCIO

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The economy of Pakistan is on a sustainable growth trajectory and many Spanish companies are interested to explore Pakistan for joint ventures and direct investment in various sectors, observed Mr Suprio Bose, Managing Director of ACCIO Barcelona’s Regional Office in Asia, while addressing business community at Islamabad Chamber of Commerce and Industry. ACCIO Barcelona is an organisation representing industry, trade, investment-related companies of Catalonia region.

He said a delegation of leading Spanish companies would visit Pakistan in September this year and he was on a prospection visit to Pakistan in order to identify the scope and areas of mutual collaboration in the economy of Pakistan. He said the delegation would represent pharmaceutical, biotechnology, engineering, automobile, energy including renewable energy, textile, leather, dairy & agro, sports goods, IT & telecom and FMCG.

He said the Spanish companies had the latest technology and expertise in various fields, especially energy and water management and they wanted collaboration with Pakistani counterparts as they see lot of business potential in Pakistan. He said in view of the immense prospects of Spanish investments, enhancement of trade and forging of joint venture between Pakistan and Spain would be beneficial for both countries. He said Pakistani companies should also visit Spain to learn the know-how of latest technologies and expertise of Spanish counterparts for improving their business systems and processes.