Chinese companies look for joint ventures

Their representatives visit ICCI to discuss business collaboration

ISLAMABAD: A large delegation of Chinese companies from Chongqing city visited the Islamabad Chamber of Commerce and Industry (ICCI) in an attempt to explore possibilities of business collaboration with their Pakistani counterparts.

These companies represented varying sectors that included manufacturing of automobiles and auto parts, security systems including biometric solutions, construction machinery, power generation equipment, water purification equipment and solid waste management systems.

Their representatives gave a detailed presentation on their products that were being exported to the US, Europe and many other countries.

Head of the delegation Mike Wang said their trip came as a follow-up to the visit of Chinese President Xi Jinping to Pakistan in April this year in order to further deepen relations between private sectors of the two countries.

He stressed that the delegation was in Pakistan to gauge the business potential and in future more companies of Chongqing city would come to look for joint ventures and investment avenues.

ICCI President Muzzamil Hussain Sabri, in his speech, outlined the opportunities of investment in different sectors of Pakistan’s economy.

He pointed out that the China-Pakistan Economic Corridor (CPEC) project would create plenty of business opportunities for entrepreneurs of both countries and suggested that maximum number of companies of Chongqing city should participate in CPEC schemes.

He asked the Chinese companies to set up manufacturing plants in their areas of interest in Pakistan as it was a promising country for business.

The ICCI chief suggested that China and Pakistan should facilitate and encourage regular interactions between their private sectors, which would help in establishing more joint ventures and business partnerships and lead to enhanced trade and economic relations.

ICCI’s Senior Vice President M Shakeel Munir and Vice President M Ashfaq Hussain Chatha also spoke on the occasion and came up with useful suggestions for further strengthening connectivity between the private sectors.

Published in The Express Tribune, September 18^th, 2015.

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