Korean company keen to invest in Punjab’s energy sector

Signs MoU with PBIT to set up its exclusive LED module project

LAHORE: A leading Korean company, Kostan Holdings, held a meeting with the Punjab Board of Investment and Trade (PBIT) to discuss the energy sector in Punjab.

The Korean delegation introduced its exclusive LED module that is operating with the help of a particularly designed chip, majorly suitable for security street lamps.

In this regard, the Korean firm is looking for international cooperation to undertake this project. The delegation signed a MoU with the PBIT under which the board will assist the firm in the execution of the project.

Kostan Holdings is a premier marketing and consulting firm specialising in green business and global commerce. The Korean company creates diverse profit models in LED market and is building world-class brand awareness with quality corporate content.

The Korean team showed keen interest in the establishment of the assembling unit, building grid stations, power projects from waste and health reforms by upgrading hospitals equipment in Pakistan. They expressed their interest in having joint ventures with Pakistan for strengthening business partnerships.

Director Projects Dr Suhail Saleem briefed the delegation on the operation of PBIT working as an investment promotion agency. He enlightened them regarding the facilitation desk present at PBIT for assisting and directing local and International business opportunities in Punjab.

Also speaking on the occasion, PBIT CEO Jahanzeb Burana acknowledged their ideas and suggested them to share their project proposal for further proceedings.

Published in The Express Tribune, September 23^rd, 2017.

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