LAHORE, Nov 24: Punjab expects a huge Chinese investment in the province as a result of the 19 memorandums of understanding (MoUs) the provincial government has signed with various Chinese companies for joint ventures.
Chief Minister Shahbaz Sharif told a press conference here on Monday, a day after his return from China, that talks were held for setting up an industrial estate of Chinese companies in Sheikhupura.
The sectors identified for joint ventures are fertilizer production, power generation, infrastructure development, waste water management and dairy farming, he said, adding a meeting would be held on Wednesday (tomorrow) to form committees for each sector to materialize the MoUs.
Chinese engineers would also visit Punjab to see possibilities for drip irrigation system in arid areas of Cholistan, he said, adding they had been offered land on 30-year lease for agricultural projects as 20 parties had shown interest in this respect.Infrastructure projects like Lahore Expressway, Lahore Ring Road and Lahore Mass Transit system were also identified for investment while a Chinese company also expressed interest in real estate development, the chief minister said. Work on one such project would soon start.
Chief Minister Shahbaz Sharif told a press conference here on Monday, a day after his return from China, that talks were held for setting up an industrial estate of Chinese companies in Sheikhupura.
The sectors identified for joint ventures are fertilizer production, power generation, infrastructure development, waste water management and dairy farming, he said, adding a meeting would be held on Wednesday (tomorrow) to form committees for each sector to materialize the MoUs.
Chinese engineers would also visit Punjab to see possibilities for drip irrigation system in arid areas of Cholistan, he said, adding they had been offered land on 30-year lease for agricultural projects as 20 parties had shown interest in this respect.Infrastructure projects like Lahore Expressway, Lahore Ring Road and Lahore Mass Transit system were also identified for investment while a Chinese company also expressed interest in real estate development, the chief minister said. Work on one such project would soon start.
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