Foreign financing: Sindh chief minister woos German investors

Seeks investment in energy, city designing, heavy engineering projects

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has invited German investors to pour capital into energy, city designing and heavy engineering projects in the province.

Speaking at the inaugural session of the German investors’ conference titled ‘Made in Pakistan with German Engineering’, Shah said, “Sindh is a land of opportunities and the provincial government has created a one-window facility for investors at the Public Private Partnership Unit.”

The event was organised by the German-Pakistan Chamber of Commerce and Industry (GPCCI).

Citing sectors such as energy, agriculture and pharmaceutical among others, the chief minister said Sindh offered vast investment opportunities. In that regard, he mentioned the vast wind corridor at Jhimpir and Gharo near Karachi, which had the potential to produce 50,000 megawatts of wind energy.

“We are producing 1,035MW from 20 projects and other projects, which are at the implementation phase, will produce another 200MW.”

The chief minister shared with the audience that the government was working on solar energy and the entire province was available for the installation of solar panels for power generation. “We are establishing a 50MW solar power project with model grid connectivity in Sehwan,” he said, adding there were vast investment opportunities in such projects.

Talking about coal energy, Shah said Sindh had vast coal reserves and for their exploitation, mining and power generation, German experts had played their role. “We are developing Special Economic Zones and invite German companies to establish their factories there,” he said and assured the companies of full support of the Sindh government for setting up their manufacturing units.

Shah appreciated the GPCCI president for organising the conference in Karachi, adding, “Karachi is a hub of trade and industry with the facilities of seaport, airport, rail network, goods transport network and availability of skilled and unskilled labour. These features were enough to ensure good returns.”

Published in The Express Tribune, October 23^rd, 2018.

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