Over 100 production facilities at one location: Chinese firms show interest in setting up Electronics Industrial Park

Chinese companies have shown an interest in establishing Electronics Industrial Park in Pakistan which would house over 100 different production facilities at one location. In this regard a Chinese delegation held a meeting with Minister for Industries and Production Ghulam Murtaza Khan Jatoi. The delegation consisted of the International Council for Promotion of Multinational Corporation with companies relating to the engineering, estate, investment, solar power and logistics sector.
The Minister for Industries & Production assured that such new technology ventures would get tax incentives and facilitation in the Industrial Parks along the China Pakistan Economic Corridor (CPEC) and across the country. Jatoi said the National Industrial Park Company (NIPS), which was a subsidiary of the Ministry of Industries and Production, had developed Korangi Industrial Park & Bin Qasim Industrial Park in Karachi. The Minister cited Yamaha as one such company that had used the facilities of industrial parks efficaciously.
The delegation said they would try to give various options of financial support to Pakistani and Chinese companies so that infrastructure and production could be streamlined and effectively developed. The Minister said if the current Special Economic Zones (SEZs) were feasible then the Ministry could arrange land for investors in those zones.
The Minister emphasised that the CPEC would provide logistics network to implement such projects conveniently and transfer of technology & equipment efficiently, adding that all investment offers would be entertained in accordance with the government's investment policies.