China Wishes to Transfer PV Panel Industry in Pakistan

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CPEC high powered delegation led by the council chairman reiterated its interest to invest in real estate, cement, mining and refinery sectors of Pakistan. Ghulam Murtaza who happens to be Pakistan’s federal minister for Industries invited the Chinese companies to invest in Steel Mills, automobile industry and food processing sectors of Pakistan.

Speaking on the occasion he said that Pakistan has great investment potential and Chinese investors should make the most of this investment climate and thus invest in Gwadar export processing zone. The council chairman went on to show interest in various sectors particularly in the manufacturing of the solar energy panels in Pakistan.

Taking advantage of the presence of federal minister the council chairman went on to inform that the solar energy output is known to increase as much as by 25-30% in the event state of the art technology is used in the process. He further went on to say that seeing the potential Pakistan has for this industry China wishes to transfer PV panel industry in Pakistan.

To facilitate the Chinese investors the minister said that numerous commercial buildings that go on to spread on an area of 300 acres in the Korangi Creek Industrial Park have been allocated for the purpose. He also advised the Chinese investors to invest in Bin Qasim Industrial Park which has been constructed over an area of 900 acres.

However, it seems that CPEC Council means much more than business as the council unveiled plans for the construction of 3 orphan welfare centers in Gwadar, Gilgit and Zehri Pur Pakistan.

The delegation head also informed that over 100 companies are eager to invest in Pakistan while a delegation of 6 big industrial groups is set to visit Pakistan in the coming week to explore further investment and business opportunities.

It is pertinent to mention here that while the Engineering Development Board had invited the Chinese investors to invest in Pakistan’s refinery sector, the Chinese investors have proposed that the refineries be equipped with the latest technology.

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