Chinese companies visit to explore Pakistani market

ISLAMABAD: A delegation of Chinese entrepreneurs on Saturday visited the Islamabad Chamber of Commerce and Industry (ICCI) in a bid to explore business ventures for various products including construction machinery, heavy duty vehicles and glass wares.

The delegation was representing some of the major companies of China including Foxconn Technology Group, Jiangsu Nantong Liujian Construction Group Co Ltd, Wealthpower Technology Ltd and Suzhou Super Glass Optical Technology Co Ltd.

The delegation informed that Foxconn Technology Group – which manufactures Apple products – was one of the most dependable partners for joint-design, joint-development, manufacturing, assembly and after-sales services and was looking for partners in Pakistan.

The group said that after the finalisation of China-Pakistan Economic Corridor (CPEC) 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 various opportunities of joint ventures in Pakistan.

Speaking at the occasion, ICCI President Atif Ikram Sheikh and Vice President Sheikh Abdul Waheed said several lucrative investment opportunities existed in Pakistan’s IT, construction, infrastructure development and other sectors.

They said Pakistan offers an extensive market with a strong demand for consumers’ electronics including computers, laptops, mobile phones, printers, copiers and digital cameras. “Chinese investors should set up manufacturing plants in Pakistan to exploit these opportunities.”

They added that the government has 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.

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