BEIJING, May 14 (INP): Top Chinese machinery manufacturers were being urged to relocate and develop their industrial parks in Pakistan, said Ghulam Qadir during the 3rd Changsha International Construction Equipment Exhibition, according to Gwadar Pro. He highlighted Pakistan’s strategic location, lucrative investment incentives, demographic dividend and a favorable economic outlook and potential. During the exhibition,he addressed a forum tilted “2023” Belt and road International Business Summit on in frastructure & construction Machinery “ on Friday and invited top Chinewse enterprises to develop industrial parks in Pakistan,encouraging inverstment and relocation in export oriented,efficiency seeking and labor-intensive sectors.

He sensitized the audience about the government, strong will to facilitate and support Chinese companies who would enjoy substantial market access in EU and USA by manufacturing in Pakistan.” China is the largest as the next hub of Chinese manufacturing, ”Qadir added. While citing the vision of leadership of both countries .trade and investment counsellor also urged industrial experts and academics to provide guidance on how to make these industrial parks & economic zones more effective and conducive to attract critical levels of investment in the country.

It is to be noted that the exhibition is scheduled to be held at Changsha International Convention & Exhibition Center and Changsha International Conference Center from May 12 to 15 with the theme of “new generation of high-end, intelligent and new energy construction machinery”. It covers and exhibition area of 300,000 square meters and brings together 1,500 chinese and foreign companies, among which 35 of the world’s top 50 construction machinery companihibition is expected to exceed 50 billion Yuan . The exhibition will launch 6 major events, 7 main events, 2 competition shows, nearly 20 professional forums, and more than 100 trade negotiation and matchmaking activities.

Credit : Independent News Pakistan-INP