FAISALABAD: All Punjab-based Chambers of Commerce and Industry should create a think-tank in order to redress the reservation of local industrial sector in the wake of 4th phase of China Pakistan Economic Corridor (CPEC) in which Chinese will also establish their Hi-tech units in Pakistan.
In a meeting with Majid Raza Bhutta, President Sialkot Chamber of Commerce, Vice President Faisalabad Chamber of Commerce and Industry (FCCI) Ahmed Hassan said the think-tank should clearly identify the pros and cons of the most crucial phase and carve out a comprehensive strategy for SME sectors to collaborate with their Chinese counterparts for immediate assimilation of hi-tech Chinese technology in their concerned units.
He also presented a book containing of study of CPEC project to President Sialkot Chamber and told, “We should make collective efforts to fully exploit the potential of this mega infrastructural project”. Both business leaders agreed the Pakistani entrepreneurs should have direct link with the Chinese investors so that they could pick appropriate persons in order to launch joint ventures. They also decided to make a joint representative to the Chinese Embassy that Pakistani businessman should be granted visas on the same pattern as Pakistani Foreign Office is extending maximum facilities to the Chinese visitors.
They also decided, in Industrial Corporation, the SME Sectors should be given preference so that they could bring qualitative as well as quantitative improvement in their units. Special incentives should be also offered for technology transfer, which will help to transform our old machinery with new one.
Engineer Ahmed Hassan also congratulated Majid Raza Bhutta for the construction of his own commercial Air Port. He said Faisalabad Chamber was also contemplating to replicate this model.
