Chinese firm keen on establishing plant
PHOTO: FILE
Caretaker Provincial Minister for Industries and Commerce SM Tanveer and a delegation of the TIENS Group of China, on Saturday, discussed investment opportunities in Punjab at the Punjab Board of Investment and Trade (PBIT).
“Our group wants to increase its business activities in Pakistan and also to set up a manufacturing plant here,” said Zhang Zhang Tao, President of the TIENS Group of China. Speaking on the occasion, Tanveer assured the group of the government’s full cooperation and suggested, “The TIENS Group should set up factories in Special Economic Zones.”
“The TIENS Group could also enter into joint ventures with Pakistani companies,” he said, adding that the government would provide all possible facilities. “There are also plenty investment opportunities in the production of electric vehicles in Punjab,” added the minister.
Both sides agreed to increase cooperation in the fields of energy, health and technical training.
Published in The Express Tribune, February 19th, 2023.
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