FAISALABAD: Process of industrialization will be started very soon during the 4th and last phase of China Pakistan Economic Corridor (CPEC) project and in this connection, Chinese investors would be fully facilitated to start joint ventures in collaboration with Pakistan entrepreneurs or establish their own independent high Tech industrial units in Pakistan, said Engineer Ahmad Hassan Vice President Faisalabad Chamber of commerce and Industry (FCCI).
Talking to a delegation of Chinese firm NORINCO in his office here, he said that he had invited this company during his last visit in China to visit Faisalabad and personally explore the possibilities of establishing industrial units in Faisalabad. “I had also informed them about the huge un-tapped potential of Faisalabad”, he said and added that he had invited them to visit Faisalabad and critically analyze the benefits of investment in Faisalabad.
Engineer Ahmad Hassan further told that they can start joint ventures in collaboration with local industrialist. He also briefly explained the salient feature of M-3 industrial estate. “This is one of the biggest and state-of-the-art industrial estates of Punjab sprawling over 4,500 acres of land. The management of M3 industrial estate is offering all necessary facilities to the investors under one roof. He further told that government has declared M-3 industrial estate as Special Economic Zone where 10 year tax holding will also be available to the new industrial units. He told that another Chinese company CAME had also visit in Faisalabad and is now planning to make investment in Faisalabad. He was optimist that more Chinese companies will also come to Faisalabad and set up their modern and high Tech units here. Engineer Ahmad Hassan said that the management of Faisalabad Industrial Estate Development and Management Company (FIEDMC) will provide best facilities to the potential investors.
Dr. YU Zhenghong Deputy General Manager and Won John Deputy General Manager Project Development NORINCO discussed various issues with Engineer Ahmad Hassan and told that Chinese government was also facilitating Chinese investors to set up new industrial units in Pakistan. He told that China Pakistan Economic Corridor will facilitate the smooth flow of exportable surplus to the potential markets of this region. Later, Engineer Ahmad Hassan presented CPEC book to Dr.YU Zhenghong.
