Islamabad, 4 September 2024 (TDI): Chinese company Hexing Electrical gave Minister for Privatization Abdul Aleem Khan a guarantee that it would spend heavily by launching a new industrial unit, particularly in clean energy or renewable energy industry.
Chairman of Hexing Electrical Liangzhang Zhou assured the Minister of Investment that Hexing Electrical would be the first industry in Pakistan to produce inverters and batteries after receiving a large cash injection, along with a delegation.
Khan praised the company’s choice but emphasized that, given the current conditions, which included one of the strongest business environments, there were plenty of chances for investment and significant results could be obtained.
He claimed that exceptional facilities will be provided to investors from other nations, especially China, and that the opening of new companies would stimulate the economy by creating jobs and increasing exports.
Also read: Chinese Co to Establish Inverter and Battery Production Unit in Pakistan
The minister emphasized that large-scale factory establishment and the transfer of industries from China would be extremely welcome.
The federal minister gave the business group his word that Pakistan would fully cooperate and said, “We appreciate Chinese investment in clean energy and will work with necessary ministries to make this happen, consulting with stakeholders along the way.”
