Solar power plant with South Korean help to be established at LUH

With the assistance of Republic of Korea a 3.0 mega watt Solar Power Plant worth 20.0 million US dollars will be established at Liaquat University Hospital (LUH) Hyderabad this was expressed by H. E. Choong Joo Choi Ambassador of Republic of Korea during his visit to the Hyderabad Chamber of Commerce and Industry and his address to the business and industrial community of Hyderabad today.
He further expressed that it was expected that during the next month President Zardari would visit Republic of Korea and a MoU would also be signed. He said he would also join him on this visit. He further said that with the visit of President Zardari the mutual understanding and friendly relationship would be further strengthened, and help in establishment of better trade relationship between our two countries.
He added that he could see that in Hyderabad City there is a great potential for investment in agriculture and infrastructure sectors. He said that businessmen from Sindh may take part in Korean exhibitions and trade fairs, whereas, Korea would be happy to provide technical assistance and co-operation in this connection.
He added that in his opinion the members of Hyderabad Chamber of Commerce and Industry are mainly related to small and medium enterprises. He assured that the Republic of Korea is co-operating in promotion of two-way trade between the two countries. He further assured that on the recommendation of Hyderabad Chamber of Commerce and Industry visa to business community of Hyderabad would be issued on priority. In reply to a question on barter trade system between two countries he replied that perhaps under international trade rules barter system of trade is no more practicable.
He suggested that the business community from Hyderabad should come in contact for furtherance of trade. B H Sung, Director General Korean Business Centre, Karachi, said he would stay in Karachi for quite some time and further expressed that for the improvement of trade relationship between the two countries queries can be made to Korean Trade Development Centre.
The Consul General of Republic of Korea HE In Ki Lee said that many Pakistani people are working in Korea and even some of them are staying there illegally. He also assured that visa to the business community from Hyderabad would be issued on the recommendation of Hyderabad Chamber of Commerce and Industry.
Before that President HCCI Gohar Ullah welcoming the honourable guests said that Hyderabad is economic hub in this part of Pakistan. He further said that there are immense opportunities for the investment in oil, gas and power development sectors in Hyderabad. He further added that Korean investors are welcome to invest in Hyderabad as it is peaceful and ideal city for investment.
He added that in Hyderabad and Kotri Industrial Estates, motorcycles, tractor and CNG rickshaw manufacturing and assembling plants are working, additionally textile, bed sheets and garments are prepared in Hyderabad. Further in agriculture sector rice, pulses, vegetables and fresh fruits are exported.
In addition to that machine parts and tools are also prepared in cottage industry. Therefore, he was of the opinion that Hyderabad is ideally suitable for industrial trade. In this meeting Senior Vice-President Turab Ali Khoja, Vice-President Abdul Saleem Arain, Former President Haji Muhammad Yaqoob and other members including Saleem A. Shaikh, Maqsood Ahmed Khan, Syed Yawar Ali Shah, Muhammad Arif, Moazzam Ali, Nadeem Ahmed Siddiqui, Muhammad Akram Arain, Hafiz Naseeruddin, Muhammad Shakir Memon, Muhammad Shahid, Abdul Qayoom Nusrat, Haji Haroon and others were present.