-
China’s Hexing Electrical to Manufacture Inverters & Batteries in Pakistan
-
Hexing Electrical Group is serving 90 countries with a workforce of 7000, and has established factories in 20 countries while on the same pattern will set up in Pakistan, as well: Chairman, Liangzhang Zhou
- Pakistan values the China investment in clean energy production: Minister for Board of Investment
- China will be provided extraordinary facilities for investment in Pakistan: Abdul Aleem Khan
- The transfer of industries from China to Pakistan and the establishment of new factories on a large scale would be very welcome step: Abdul Aleem Khan
By: Muhammad Arif, Editor NSN.Asia
Islamabad: A business Group from China, Hexing Electrical, has planned a heavy investment project specialized in manufacturing of the inverters & batteries for Renewable Energy Sector of Pakistan, a green investment project that will empower the country for green transition, decarbonization and efficient clean energy production.
These remarks made during a meeting of Chairman of China’s business group, Hexing Electrical, Mr. Liangzhang Zhou, along with the delegation with Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan on Saturday.
Chairman of China’s business group, Hexing Electrical stated that Chinese Group aims to put heavy investment by establishing new industry especially in Renewable Energy Sector.
Welcoming the decision of Chinese company’s investment in Pakistan, Federal Minister for Board of Investment and Privatization Abdul Aleem Khan said that there are vast opportunities for investment in Pakistan, substantial results can be derived out of it in the current circumstances with the best business environment.
- China will be ensured by the provision of extraordinary facilities for investment in Pakistan.
He said that investors from other countries, including China will be ensured by the provision of extraordinary facilities for investment in Pakistan.
Abdul Aleem Khan added that establishment of new factories will increase the rate of employment and export in the country and once again boost the economy as well. Federal Minister Abdul Aleem Khan said that the transfer of industries from China to Pakistan and the establishment of new factories on a large scale would be very welcome step.
Chinese companies are transferring industries from China to Pakistan under the CPEC, a flagship project of Belt and Road Initiative launched by Xi Jinping to foster cooperation in Eurasia, MENA, and America region under the Silk Road Spirit of mutual cooperation.
Assuring full cooperation to the Chinese business delegation, the Federal Minister said that Pakistan values the investment from China and will take the relevant Ministries on board to make this step possible for which stakeholders will also be consulted.
- Chinese investors are engaging through Joint Ventures with the business community in Pakistan
Federal Minister Abdul Aleem Khan said that after the recent visit of the Prime Minister to China, many business enterprises are engaging through Joint Ventures with the business community of Pakistan, which is an expression of the full confidence of Chinese investors and the business community in Pakistan.
In the meeting, the head of the Chinese group, Liangzhang Zhuo was assured by Federal Minister for Privatization and Investment Board, Abdul Aleem Khan about his commitment to act as a goodwill Ambassador for China’s investors.
Federal Minister Abdul Aleem Khan said that the establishment of factories in the electrical sector with foreign investment will be a precursor to the country’s development because there is immense potential in Pakistan, our institutions will also participate fully in the investment from China and bilaterally cooperation and business activities will strengthen the eternal relationship of friendship between both countries.
He said that projects like power plants in the industrial sector are the most important need of the hour for national development.
- Hexing Group is serving 90 countries with a workforce of 7000 and has established factories in 20 countries
In the meeting, CEO of Hexing Group Mr. Xu Guoneng and Director of Sales Mr. Ma Zuoteng also briefed the Federal Minister on their investment plan in Pakistan.
Director HR Europe of Hexing Group Mr. Junaid Hussain threw light on the proposed projects and activities of his group.
Chairman Hexing Electrical Group said that his organization is serving 90 countries with a workforce of 7000 while Hexing Group has established factories in 20 countries while on the same pattern will set up in Pakistan, as well.
