Chinese investors keen to invest in steel, energy, cement sectors

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ISLAMABAD, June 28 (APP): A delegation of Chinese investors representing various companies on Tuesday visited Islamabad Chamber of Commerce and Industry (ICCI) and showed interest to explore Pakistan’s steel, energy, cement and other sectors for investment and joint ventures.

Members of the delegation, comprising representatives of Zonergy Company Limited, Hebei Weilang Import and Export Group Co. Limited, said that China-Pakistan Economic Corridor (CPEC) had generated lot of interest among Chinese investors and purpose of their visit was to study the potential of Pakistani market for investment and business collaboration.

Representative of the Zonergy Company said that his company’s main business scope covered the whole cloud-computing industry chain, R&D of Solar PV technology and project contracting, R&D of bio-energy, R&D of energy saving and system services, palm cultivation and oil processing trade as well as other related fields.

Zonergy was now looking at Pakistan as a prospective country for investment and Joint Ventures (JVs), according to a statement issued by ICCI here.

Hebei Weilang Import and Export Group was a large-scale professional enterprise engaged in manufacturing of bicycles and offering 100 kinds of products in 10 classes including BMXs, frames, forks, BB axles, front and rear axles, brake cables and baskets to clients in Europe, the US, Australia, the Middle East, Africa, Southeast Asia and other areas.

The Group was interested to explore Pakistani market for setting up bicycle plant.

Speaking at the occasion, Acting President, ICCI, Sheikh Pervez Ahmed, briefed the delegation about investment opportunities for Chinese investors in various sectors of Pakistan’s economy.

He said, CPEC was a game changer for Pakistan and stressed that more Chinese investors should come to Pakistan to participate in this flagship project of historic cooperation between the two countries.

He said there was huge potential of investment in many sectors of Pakistan’s economy including energy, construction, steel, marble, infrastructure development, mining, oil and gas exploration, engineering, IT and others areas and CPEC would open new investment opportunities between China and Pakistan.

He said China has good expertise and advanced technology and Chinese companies should take benefit from incentives offered by the government to foreign investors.

He urged that Chinese investors should harvest the investment friendly policies of the current regime by enhancing investment and joint ventures in Pakistan.