Transsion eyes local phone parts production

Chinese group plans deeper localisation as govt drafts 2026-33 policy

ISLAMABAD:

Chinese conglomerate Transsion Holdings has outlined plans to expand its investment in Pakistan and move beyond assembly into component manufacturing, Finance Minister Muhammad Aurangzeb was told during a meeting with its Founder and Chairman George Zhu on Friday.

Transsion, operating in Pakistan's smartphone, electric bike and energy storage segments, shared an overview of operations and future investment plans, as discussions focused on strengthening manufacturing and building an industrial ecosystem through supporting industries and supply chains. It highlighted potential to expand towards value addition and component manufacturing.

Aurangzeb said macroeconomic stability provided a foundation for investor confidence and business planning, reaffirming the government's commitment to reforms and export-oriented growth. Pakistan was described as a strategic market, citing consumer base, location and business environment, and discussed using local manufacturing capacity to serve international markets.

Separately, Advisor to the Prime Minister for Industries and Production Haroon Akhtar Khan met a Shenzhen Transsion delegation to discuss investment and export promotion in electronics. Khan said the government was working on a Mobile and Electronics Device Manufacturing Policy (2026-33) to promote domestic manufacturing, attract investment and strengthen the industry, prioritising a move beyond assembly towards comprehensive manufacturing of mobile phones and devices.

The Engineering Development Board was directed to consult stakeholders. Khan invited Chinese firms to invest, saying "Now is the right time to invest in Pakistan," while Transsion representatives expressed interest in expanding their local manufacturing footprint and pursuing deeper localisation. Secretary for Industries and Production Ahsan Ali Mangi and Joint Secretary Freedoon Akram Sheikh attended.