A delegation of Chinese entrepreneurs visited the Islamabad Chamber of Commerce and Industry to explore business partnerships and joint ventures in Pakistan for various products including construction machinery, heavy duty vehicles, consumer electronics, hardware and glass wares.
The delegation was representing some big companies of China including FOXCONN Technology Group, China JiangSu NanTong LiuJjian Construction (CAMBODIA) Group, Wealthpower Technology Ltd, and Suzhou Super Glass Optical Technology Co Ltd. FOXCONN Technology Group has 1.2 million employees all over the world out of which 8 million were working in China.
The delegation informed that FOXCONN Technology Group was the most dependable partner for joint-design, joint-development, manufacturing, assembly and after-sales services to global computer, communication and consumer-electronics (“3C”) leaders and was looking for partners in Pakistan for manufacturing and distribution of these products. Similarly, CAMBODIA Construction Group produced big cranes, heavy duty construction machinery, trucks and were interested to start joint ventures in Pakistan.
The delegation members said that after the finalisation of China-Pakistan Economic Corridor project between the two countries, many Chinese investors were taking increased interest in Pakistan for investment and they have come on an exploratory visit to find out opportunities of investment and joint ventures in Pakistan. They also invited the ICCI delegation to visit China to find out business matchmakings.
Speaking at the occasion, LCCI President Atif Ikram Sheikh and Vice President Sheikh Abdul Waheed briefed the Chinese delegation about lucrative investment opportunities in Pakistan’s IT, construction, infrastructure development and other sectors. They said Pakistan was a big market of over 180 million people with strong demand for consumers’ electronics including computers, laptops, mobile phones, printers, copiers and digital cameras etc, and the Chinese investors should set up manufacturing plants in Pakistan to exploit these opportunities.
They said the government had started many construction projects in various cities while the CPEC would usher in more projects in energy and infrastructure development. They said Chinese investors should make Pakistan a production hub to meet domestic needs and export products to other regions. They assured that the ICCI would extend all possible facilitation to Chinese investors for investment and joint ventures in Pakistan.
