Chinese Investors eager to propel solarization of industrial units in KP
Mati Ullah Khan CEO KPBOIT presenting souvenir to Chinese delegate. [Photo/Kpboit]
PESHAWAR: Delegates from the China Association of Trade in Services have displayed a strong inclination towards making substantial investments in various sectors within the Khyber Pakhtunkhwa (KP) province. Notably, their focus extends to spearheading the solarization of industrial units, fostering the production of packaging papers, and facilitating the advancement of edible oil processing facilities.
In this regard a delegation of Chinese investors led by Dr. Lisa Li, member China Association of Trade in services held a “productive meeting” with Mati Ullah Khan, the acting CEO Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT) in Peshawar on Wednesday. Mr. Khan, who concurrently holds the position of Secretary for Industries, Commerce & Technical Education, provided a comprehensive overview to the visiting Chinese delegation regarding various investment-friendly sectors. He elaborated on the potential opportunities ripe for investment and elucidated the array of incentives extended by the KPBOIT to foreign investors.
The meeting served as a subsequent step following the previous interaction with the same Chinese delegation at the Food and Agriculture Expo in Karachi on the 11th of August, 2023. The Chinese delegates were provided the opportunity to conduct field visits across various sectors.
“It was a productive meeting. The Chinese investors are arriving with plans for solarization facilities aimed at supplying electricity to small industries. This initiative is particularly significant, considering the prevalent power challenges faced by these industries,” shared Gul Muhammad, Manager of Tourism, Agriculture & IT, with Gwadar Pro. He noted that apart from investment in industrial unit solarization, the Chinese delegates also expressed intentions to invest in packaging paper and edible oil sectors.
“Numerous important matters were agreed upon during this meeting, said Gul Muhammad, adding, “The Chinese delegates conveyed their commitment to bringing a contingent of 400 investors during upcoming visits; agreements spanning various fields of investment will be formalized”.