Chinese investors visit ICCI to explore business opportunities
ISLAMABAD: A Chinese delegation of entrepreneurs visited Islamabad Chamber of Commerce and Industry (ICCI) on Saturday to explore business partnerships and joint ventures in Pakistan for various products including construction machinery, heavy duty vehicles, consumer electronics and hardware.
The delegation was representing some big companies of China including FOXCONN Technology Group, China Jiang Su NanTong LiuJjian Construction (CAMBODIA) Group, Wealth power Technology Ltd, and Suzhou Super Glass Optical Technology.
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 has made big cranes, heavy duty construction machinery, trucks and was also interested to start joint ventures in Pakistan. The delegation members said after the finalisation of China-Pakistan Economic Corridor (CPEC), many Chinese investors were taking more interest in Pakistan for investment and they have come on an exploratory visit to find out opportunities for investment and joint ventures in Pakistan.
They also invited ICCI delegation to visit China to explore different business matchmakings. Speaking at the occasion, ICCI President Atif Ikram Sheikh briefed the Chinese delegation about lucrative investment opportunities in Pakistan’s IT, construction, infrastructure development and other sectors.
He said that 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, adding that Chinese investors should set up manufacturing plants in Pakistan to exploit these opportunities.
He said the government has started many construction projects in various cities while the CPEC would usher in more projects in energy and infrastructure development.