Chinese investors are contemplating to build a chemical and automobile city in Gwadar under umbrella of China-Pakistan Economic Corridor (CPEC). Sources linked to CPEC project said on Monday that Chinese authorities have already initiated paperwork on said projects which reflects their seriousness.
Analysts say it would be difficult for local automobile industry to survive if China establishes an automobile city in Gwadar. They have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as flourishment of local industry. Earlier, China announced to set up a steel factory under the CPEC apart from various other projects.
Copyright NNI (News Network International), 2017
Published under arrangements with NNI.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright News Network International, 2017
Published under arrangements with NNI.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright News Network International, 2017