Chinese team explores investment opportunities in Sindh

KARACHI: A 15-member Chinese business delegation met with Sindh Chief Minister Syed Murad Ali Shah to explore investment opportunities in the province.

The meeting highlighted the potential for collaboration in agriculture, renewable energy, livestock, and industrial production.

The Chinese delegation included representatives from nine medical companies, such as Meng Xiaowei, Agricultural Biochar Cooperation’s Dr M Shahbaz, and livestock specialist Hong Pizheng. Other members represented photovoltaic companies Wu Liangliang and Zhou Guohao, large-scale livestock importers Weng Gang and Liu Wenbo), as well as solar energy companies Xu Zhigang.

During discussions, Chief Minister Murad Ali Shah emphasised Sindh’s strategic economic position, robust infrastructure, and policies designed to promote foreign investment. The delegation, representing industries including medical technology, livestock, photovoltaic energy, and manufacturing, expressed strong interest in forming partnerships with the Sindh government.

Shah noted that there are numerous economic opportunities in Sindh, especially in the agriculture, renewable energy, and industrial sectors. He mentioned that the provincial government has established Special Economic Zones (SEZs), including the operational Khairpur SEZ and the under-development Dhabeji Economic Zone. He also highlighted investment-friendly policies and various incentives launched by the provincial government.

The delegation discussed potential investments in several areas, including collaboration in medical technology and pharmaceuticals, advancements for sustainable agriculture, opportunities in livestock farming and export, and renewable energy projects focused on solar and wind power.

The meeting concluded with the decision to form joint working groups for targeted projects. Chief Minister assured the delegation of full support from the provincial government, emphasising the importance of enhancing bilateral trade and investment. The discussions ended with optimism about future collaborations that promise economic prosperity for both Sindh and Chinese businesses.

The meeting held at the CM House and was attended by provincial ministers Sharjeel Memon and Nasir Shah, as well as other officials, including Syed Qasim Naveed, Secretary to the Chief Minister Rahim Shaikh, and Khurram Shahzad, Secretary of Investment.

Copyright Business Recorder, 2024