LAHORE: Chinese internet based B2B platform, Global Building Material (GBM), on Tuesday announced its ambitious plan to invest US 50 million dollars in Pakistan which include setting up of a digital port zone consisting of a warehouse, digital centre, data centre and small warehouses across Pakistan.

Under the investment plan, it will open its first branch in Lahore (Pakistan) during the current month to introduce its new one-stop shopping experience for Pakistani building material retailers, and for the purpose it will launch an app, said the company’s General Manager David Wei while addressing a press conference at the Lahore Press Club (LPC).

“Lahore is the most suitable city for the development of GBM and it completely fits GBM’s positioning. We hope to take Lahore as a good start for Pakistan, and empower building materials retail stores in Pakistan to make their business bigger and more profitable with the wings of the internet,” David told the reporters.

David Wei said he arrived in Pakistan in early October and visited the Ministry of Housing and Works, Ministry of Commerce, Board of Investment and other government agencies to discuss GBM’s investment plans. After a one-month market investigation, it finally chose to set up the branch in Lahore, he added.

He said in future they also plan to make Pakistan their overseas headquarters from where they will export the quality building material to other countries of the region.

“Retailers can check the supply of goods and place orders at home through the app. If there is any problem, retailers can also directly consult online and have special before and after sales service being offered by the Company. Sourcing low prices and high quality Chinese hardware and building materials with ease is the unique feature of GBM,” David Wei added.

GBM is a leading cross border one stop door to door building materials platform, which is aiming to link global building material manufacturers, trading companies and terminal customers together. Improving the degree of trade demand satisfaction of both sides by database, internet and global door to door logistic service, and then apply digital trading, block chain, big data, AI service to help increase the efficiency and reduce the cost in procurment.

Copyright Business Recorder, 2021