CHIEF Minister Mian Muhammad Shahbaz Sharif has said that the provincial government has prepared a comprehensive package of incentives for Chinese companies for investment in Punjab and complete protection as well as a favourable atmosphere will be made available to Chinese entrepreneurs in the province.
According to a handout, speaking at the inauguration of Investment Council of major investors of mega companies and traders in Jiangsu province on Thursday, he said that maximum facilities would be provided in this regard and due to conducive and safe atmosphere available in Punjab, they could complete their projects in a proper manner.
Identifying the projects for mutual cooperation in various sectors, the chief minister said that the government had planned a number of projects of infrastructure development including construction of an elevated expressway, Ring Road and mass transit system in the provincial metropolis for coping with the traffic problems.
Chief Minister Mian Muhammad Shahbaz Sharif assured that an attractive rate of return would be offered to the Chinese companies and investors in Punjab. He said that the government was utilizing all available resources for increasing literacy rate for the provision of a skilled workforce. The Chinese companies, which participated in the Investment Council, specialize in power generation, solar energy, wind energy, road construction, garments and textile, manufacturing of CNG buses, real estate and construction.
Addressing the investors, the chief minister said that Punjab has vast iron and coal reserves, which could be used for steel production and power generation and he during his visit had invited a major Chinese construction and engineering firm to help in the excavation of these reserves. He said that Punjab has valuable land and besides industrial and trade projects, planning was also being made for development of housing schemes.
He asked the investors to extend cooperation to the Punjab government in the implementation of these projects and an investment strategy could be worked out with mutual consultation for the implementation of these projects. Chief Minister Mian Muhammad Shahbaz Sharife said that Punjab needed cooperation of Chinese investors in power generation, CNG buses, real estate and textile sectors.
He said that joint ventures with China could help promote industrial and trade relations. Two MoUs were also signed at the inauguration of the Council with leading companies of Jiangsu for different development projects in Punjab including cooperation in the construction of Rawalpindi Expressway and Ring Road in Lahore.
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