Content area
Full text
A delegation of Chinese manufacturers and assemblers of automobiles including heavy-duty trucks, engines, auto parts and tyres have expressed interest in setting up vehicle manufacturing plants in Pakistan.The delegation, comprising representatives of about 500 auto companies, expressed the desire for investment during a visit to the Islamabad Chamber of Commerce and Industry (ICCI).Some of the companies that sent their representatives were Jinan Zhongzhan International Trade, Jinan Bonaite Trading Company, Hebei Xinjiu Heavy Duty Machinery Makes Company, Sinotruck and Shanghai Cheezmail ECommerce Company.Delegation members insisted that they were producing vehicles in line with European Union standards and were keen to explore business opportunities for vehicle, engine and auto part manufacturing in Pakistan.Initially, they would look for local partners for the supply of automobiles and auto parts and following its success, they would try to set up auto manufacturing plants and bonded warehouses through joint ventures and investments.Representatives of the Chinese companies said they also wanted to share technical know-how and expertise with Pakistani manpower. They also agreed to organise a seminar at the ICCI to spread awareness among local businesses of their products and prospects of business collaboration.ICCI President Sheikh Amir Waheed told Chinese entrepreneurs that heavy-duty trucks and vehicles had a...